Monday, February 24, 2020

ES testing YEARLY VWAP DVAL

Looking at the Yearly VWAP on a daily perspective we can observe that the market testing the Yearly developing VAL level (-1.0 Standard Deviation level) of the VWAP. We can also observe that the market trades inside of a prior balance area. We monitor any reaction around the DVAL and the bracket low of this particular balance area.