
We've moved higher upward the day's volume-weighted average cost (VWAP; ruddy line) next firmness later on the utilisation numbers, targeting the make high closed to 1133 inwards the ES contract. Note, however, that we're non yet seeing positive cumulative Delta (bottom of chart, bluish arrow), suggesting that buying stance is non dominating selling stance despite the firmness. I take away to encounter that set out become as well as remain positive to stick alongside a short-term bullish thesis. Note the overnight session's back upward degree closed to 1127; nosotros take away to remain higher upward that degree (and preferably higher upward the 1128.25 depression registered later on the information came out) to sustain the short-term bullish stance.
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