Trading Recap on ES

It was quite a easy day type scenario today. At a quick glance we can identify yesterda’s balanced profile and an open inside of value. We simply need to lean us on the balance extrems and expecting a rotational day between these extremes. Market found support at the lower area which was confluent with the developing weekly VAL level from the VWAP chart in the overnight session and surged higher in the RTH session. To be noted is the unsecured high, so the momentum to explore some higher prices is still intact. However, we should keep in mind the two other unsecured lows on the previous profile and on today’s profile.

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