Market Update On ES

Looking at the weekly chart we can observe a wide swing lower to a prior balance area in which the market trades currently. The daily perspective found support around the previous Year’s VWAP close level for now. With this the market trades inside of the previous Year’s value close area. In the early over-night session the market surged higher to test the high. Maybe we can break the one-time-framing lower behavior once the market closes above the previous high. DVAL, VWAP should be acting as possible areas of resistnace as well as the previous Year’s VAH close level.

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