S&P 500 Futures is reflected at 5915 VWAP support Rally to 5980; Eyes of 6000 zones

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After recovering the middle of the VWAP and sweeping by POC/VAH, Bulls strengthened the control above 5962 support and set 6000 monuments

Tuesday, June 3 session:

  • London Low & VWAP Session Rejection (5915):
  • At the beginning of London trade, Futures Es withdrew from 5915-the most vital central VWAP line at Red-Handling as a clear Ming District support. It was VWAP BOUNCE gave the tons of the rest of the session, preventing deeper payments below yesterday’s swing (5915), and signal buyers were ready to enter.
  • Cleaning volume profile nodes (POC and VAH):
  • From 5 915, the price accelerated higher, cutting the blue poc (~ 5 946 area), and then through pink VAH (~ 5 962.50). After recovering these two zones of rejection with a enormous volume, Bulls gained conviction. The break over POC/Vah quickly moved the market structure from neutral to stubborn on the day inside.
  • Target: 5980.75:
  • Thanks to the support of the volume with movement, ES pressed 5980.75 (horizontal green on the chart). At this level, endowar supply appeared – repayment as a cluster of obscure volume rods on the volume profile – withdrawing further advantage.
  • Late session price and again:
  • After the designation of 5 980.75, the arrival of profits meant that ES is attracted towards the clusted intersection of the VWAP/POC near 5 962.50. Region 5 962.50 (currently operating as support after cleaning the previous session) took place on the first test, confirming it as a up-to-date end -held demand zone. To the loved one, Futures consolidated between 5980–5 962, trading just above the VWAP central line and holding up up to the sloping trend channel.
  • Technical implications for Wednesday:
    1. Stubborn prejudice above 5,962.50 (vwap/POC zone): As long as ES remains above this 5,962.50 convergence, the path of the lowest resistance is higher, from 6010 (daily upper channel), and then a psychologically significant target of 6000 round numbers.
    2. Level of support and stop alloy: A decrease below 5,962.50 can again check 5 946 (previous POC), and then 5915. A constant break below 5915 negates today’s reflection and sliding the structure back towards neutral/bear.
    3. Additional goals: After recovering 5,980.75, the next additional barrier is ~ 6010 (upper line of trend/channel), and then 6 039.50 (Upper Tygodnik Wysoki).
    4. Considerations regarding the volume profile: A enormous volume node of approximately 5,980 signals of potential magnetic zones – if it can crack and maintain above 5980.75 at the beginning tomorrow, has a good chance of testing 6 008–6 039. Otherwise the consolidation between 5 962–5 980 is probably probably persistent.

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