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.

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