We encounter from the Market Delta nautical chart (middle) how selling has begun entering the ES marketplace later a potent morning, alongside the dollar moving higher versus the euro. H5N1 longer-term await (bottom chart) shows that the back upwards from 6/17 too 6/18 is at i time serving every bit near-term resistance. I'll last watching that grade closely going into the Fed announcement. Failure to sustain prices inwards a higher house that grade would gear upwards make jump merchandise betwixt today's highs too the end ii days' lows.
2:05 PM CT - I added the top nautical chart of ES to present how forcefulness inwards rates too the dollar led to steady book at bid to transcend book transacted at the offering toll (bottom histogram) too a interruption of the day's VWAP (red line). Selling rallies that neglect to convey us inwards a higher house VWAP has been a worthwhile strategy too then far, every bit we're accepting value lower relative to the morn trade.
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