E E-Mini S&P 500 Rotational In Quarterly VWAP Structure

The E-mini S&P 500 (CME:ES) rose about 0.2% in the early European trading session by the rise in the technology sector. The market found buyers around the DVAH of the Yearly VWAP which was confluent with the Quarterly DVAL. The market is rotational and market participants might lean on the extremes while targeting the swing highs for absorption or long liquidation purposes. Short-term selling positions might be concluded around the Quarterly DVAH while the intra-day perspective is balanced.

The next level of possible buying interest may be yesterday's VWAP close level with developing Quarterly VWAP confluence. Yesterday's b-shaped price/profile structure might be bullishly rated while reversals towards the lower distribution is probable. Patterns need to evolve to conclude a lift higher around the mentioned levels and areas.

(Click on image to enlarge)

 

Visit our trading community to read more market insights and to learn the more indepth analysis process with various tools such ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Michelle Bell 3 weeks ago Member's comment

Good read, thanks.

The Private Banker 3 weeks ago Author's comment

Thank you, appreciate it! You're welcome!