Observations on E-mini S&P 500

The daily perspective closed with a break of the bullish trend which occured for several days on Friday. The market testing the prior balance area high for any support. To be mentioned is also the current support from the developing Yearly VAH level.

Looking at the TPOs we can observe a balanced profile and an open below value. The volume profile is kind of b-shaped with an open and a break lower. We could conclude a bearish behavior, however, we can identify the unsecured high which should be a level to revist.

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