E S&P 500 E-Mini Plain Market Observations

The E-mini S&P 500 Futures contract establishes a potential new balance area after the market found support at the lower bracket high and heading towards the higher extreme.

Currently, we testing the mean of the previous pullback on the daily periodicity. The hourly perspective is rotational with some wider swings previously; therefore we can lean us on the extremes to monitor possible absorption patterns.

Interesting enough is the outside bar on the weekly periodicity which is a sign of a possible change in the overall market context. In this case from bullish to balanced followed by a possible bearish behavior.


Visit our trading community to learn a more indepth analysis process with various tools such as the VWAP or Footprint chart.

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