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 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.

WTI Crude Oil Daily Observations

Looking a the current daily strucutre we can observe a balance behavior. Yesterday the market closed as an inside day; therefore we can observe the high/low area for any absorption pattern. Obviously a inside day break to surge higher to the bracket high could be possible as well. Additionally, we still have a open gap which should be revisted and filled. For now we observe the balance extremes for an absorption pattern to conclude a rotational scenario to the other side of balance extreme. Let's keep it simple.

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.

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.