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 >>