E-mini S&P 500 Trending Higher Towards Bracket High (SPX - Plain Analysis)

Yesterday the ES June contract (ESM0) closed as an inside day without testing the high or low of Friday's price range. As the market dips into the high highs we can conclude a possible inside day failure pattern. For this we should look out for absorption patterns on the lower timeframes such as the hourly periodicity. A conclusion would be a pullback to the previous balnaced price range followed by support again. However the market heading towards the next level of possible resistance which would be the prior bracket high. Let's see how the market will evolve around the highs for now.

ES Resistance around Year's VWAP Close Level

ES with a new daily bracket area. The test of the bracekt's low is probable. Hourly with a downside rotation once market found resistance around the previous Year's VWAP with some absorption. Monitoring swing highs and lows for now.

E-mini S&P 500 At Year's VWAP Close Level (SPX)

E-minin S&P 500 still with resistance around the previous Year's VWAP close level which is confluent with the prior daily balance area low. Hourly rotational, so simply leaning on the extremes for now (swing high/swing low).

The market opened above previous week's valuce close area. As mentioned; hourly perspective with a rotational behavior. Therefore we can lean us on the extremes. Looking for some absorption patterns around the swing levels. Monitoring the VAH close level.

E-Mini S&P 500 Back in Value (Yearly)

Looking at the Yearly perspective of the ES contract we can observe a one-time-framing higher behavior. The market went back into the previous Year’s value close area as well as into the developing value area. Currently we testing a prior balance area low which is confluent with the previous VWAP close level. Additionally it is confluent with the micro bracket’s high (yellow)

Reposted - ES Back in Value (Yearly)

E-mini S&P 500 Break Above Balance

The market broke out of the prior balance area and one-time-framing highe to the next bracket. For now we testing a micro balance area. Yesterday the market found resistance at the bracket low. Today the market heading towards the next resistance level which should be the mean of that micro balance area and the bracket high. Observing any pattern on the lower timeframes to conclude a trade scenario.

Yearly VWAP Update on ES Daily

The market opened around Friday's low and dropped lower with an open drive followed by the onver-night limit down close around -5.00% points. At the re-open in the early U.S open the market dropped again 2.00% points and closed for a 15 minutes pause followed by a rise to the re-open. Looking at the daily perspective with the Yearly VWAP we can observe that the market found support around the previous Year's VAL close level for now. With this we accomblised the rotational movement from one extreme to another extreme. Next possible support is the prior Year's VAL close level. Let's see how the market will evolve now.

Daily VWAP Update on ES

The market opened above value but were trending lower with downside slope of the VWAP. We found support at the previous day's VAL close level followed by a pullback to the DVAH with resistance. Currently still in a bearish mode. Monitoring the developoing VWAP levels for any pattern of resistance. The market could close as a double inside day - the probability to take out both high/low extremes in the next days is higher in such a particular case.

TPO Intra-day Analysis on ES

A quick glar on the daily TPO profiles and we can see that the market closed as a p-shaed profile yesterday. Today the market opened way below the value close area. At the first glance we should be bearish. However, we are kind of far below the POC, therefore the probability to revisit the value close area was higher. As the day unfolded we can observe that the market were magnetized to the value area. Currently we test the VAl close level and trying to test the POC close level. Let's see what happens here to conclude a possible bearish trade scenario - until the market does not break above the mentioned POC.

Learn more about the p-shaped pattern on our website: https://leprivatebanker.com/education/p-shaped-profiles/

Intra-day VWAP Update on ES

The market opened above value and found support around the previous day's VAH close level. Quite rotational day between the extremes and the slope of the VWAP is kind of flat. After this quick surge higher the market found resistance around a prior VWAP level. Let's see how the market will evolve here with some pattern to conclude the next possible trade scenario.

Yearly VWAP Update on ES

Looking at the daily perspective with the Yearly VWAP we can observe the strong sell off which occured for six days. On Friday in the previous week the market found support around the previous Year's VWAP close level after breaking several Yearly developing levels and the VAH close level of the prior Year. Today we quickly surged higher to test the developing VAL level for resistance. At the same time we can see support of the previous Year's VAH close level as today's session opened above this particular level. Let's see how the marke envolve between these two levels.

TPO Profile Update On ES

Looking at the TPO profiles we can identify Friday as balanced proile. The market opened inside of value and found support at the VAL close level to surge higher above Friday's high. After six days of a strong trend lower we can see a test of a high again. However, the market found resistance and seen a pullback into value again. The market found support at the VPOC (volume profile based) and testing the upper balance extreme once again. Let's see how the market will behave here as it confluent with the developing daily VAH level of the daily VWAP.

Intra-day VWAP Update on the ES

The market opened below the value close are from the previous session again. We see a strong bearish market and an one-time-framing lower behavior with quite wide price ranges which occurs for several days now. the market find resistance around the developing VWAP and the DVAL. These levels serving as great entry points in a donwside market for now. There is not much more to say to this particular intra-day VWAP strucutre.

Intra-day VWAP Update On ES

The market opened below the previous value clsoe area and trendling with a downside sope of the VWAP. Currently we found resistance around the developing VAH level. The DVAL could be area of support. Simply monitoring these levels and pattern with we can conclude a trade scenario.

Market Update On The E-Mini S&P 500 [Members]

Looking at the daily perspective we can observe a strong one-time-framing lower behavior . The market trades below the Yearly developiong value and heading towards the previous Year’s VAH close level. To be noted is also the prior balance with current support around the bracket low.

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https://leprivatebanker.com/2020/02/26/es-market-update-3/

Weekly VWAP Perspective on ES

Looking at the weekly VWAP perspective we can see a wide open below value. The slope is to the downside and the market trades below the developing value. The DVAL, D-VWAP and the DVAH are possible areas of resistance. Curently we can see a swing failure with divergence which could rotate the market higher for now. We'll see which pattern will evolve in the lower timeframes to conclude a trading scenario.

E-mini S&P 500 YEARLY VWAP Update

Yesterday the market found support around the mentioned balance area low of the prior daily and the weekly bracket low. Today the market tried its way back into the Yearly developing value but found resistance around the DVAL, therefore the market one-time-framing lower below this year's developing value currently. Maybe the market can close above this Year's low to have a possible swing failure pattern.

Intra-day VWAP Follow-Up Update on ES

As a follow-up from the previous post and the support around the previous VAL close level the market was able to find resistance around the developing VWAP + previous VWAP close level and established a pattern around these levels to get into a short trade. We can use the VWAP and the developing value as a trend-following tool in such a scenario currently.

Next possible area of support would be a prior value close area of the weekly VWAP perspective. Let's see where the market heading towards to.

Intra-day VWAP Update on ES

The market opened below value but surged into the previous value close area followed by a pullback to the developing VWAP with support but found resistance at the DVAH. This pushed the market back to the previous day's VAL close level with current support. Looking at the current structure we can observe a flat slope and a rotational behavior. Resistance around the developing VWAP or DVAH are probable. A rotational destination move to the other side of extreme, in this case the previous day's VAH close level is probable as well. Waiting for some pattern to conclude the next trading scenario.

Follow-up update posted here >>

TPO Analysis on ES - Double Distribution

Looking at the daily TPO on the E-mini S&P 500 we can observe a double distribution profile with an open inside of value in the lower distribution. The market found support at the excess low and surged to the higher extreme of the mentioned distribution. To be noted is the current unsecured swing high which could be revisted.

There are three possible scenarios - a rotational behavior inside of the distribution - a break higher to fill the low volume area - and a break lower to continue the sell off movement. Volume based we can identify a b-shaped profile which should be handled as a bullish pattern but we opened inside of value, therefore its better to see how the market will react around the balance/distribution extremes.

E-mini S&P 500 Market Observations

Starting off with the weekly perspective we can see a balance area which established yesterday. The market found support at the bracket low. The daily perspective found support at the bracket low in the prior balance area after the sell off. The market trades around the Yearly developing VAL level of the VWAP (-1.0 Standard deviation). It opened below that particular level, therefore it could be seen as a resistance level as well.

The full article has been posted on our website for members. You can read it here - please make sure to login:

https://leprivatebanker.com/2020/02/25/market-observations-on-es-4/