8:21 AM CT - I've added the hap nautical chart to demonstrate how we've moved below VWAP in addition to toward back upward equally anticipated below. For right away I'm treating this equally a arrive at market, amongst toll expected to oscillate to a greater extent than or less VWAP. Failure to movement inward a higher house VWAP on early on buying would target a breakout below the 1134/1135 area.
We've rolled over to the June contract inward the ES (above), in addition to so that's why prices in addition to volumes facial expression dissimilar hence far today. Not all players convey made that rollover, in addition to so some book is transacted inward the March contracts. That existence said, we're trading inward a arrive at earlier the marketplace open, oscillating to a greater extent than or less the VWAP of 1138. We're firmly within yesterday's range, amongst the 1134/1135 surface area equally near-term back upward in addition to yesterday's high to a greater extent than or less 1143 equally resistance.
I'm brusk a small-scale position amongst an initial target of the arrive at low. My tactics convey me taking profits speedily inward dull markets unless I run across an upswing inward volume/volatility. More on this later.
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