ES Trading Recap

Looking at the daily timeframe we can observe a rotational market behavior and an inside day. With the expection of an inside day failure above the previous high and some absorption at the Footprint chart which was confluent with resistance at the low volume area on the weekly volume profile and a prior NVAH close level on the daily VWAP perspective a short trade made the most sense despite of the open above value. Additionally we were able to identify an unsecured low on Monday’s TPO profile which gave us one more clue about the direction the market would heading towards.

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