Market Observations on ES

Well, the daily perspective closed with a swing failure in the lower area and testing the upper balance extreme again. The price range swings per day on the hourly timeframe getting wider as well.

TPO based we closed with a kind of p-shaped profile including unsecured high which has been taken out already. Currently the market is testing the upper NPOC after the open above value. The reaction here should be interesting as a test of the lower NPOC would be probable.

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