The E-mini S&P 500 has experienced a rise of approximately 0.6% during the European trading session. The prior volume profile structure suggests a double distribution shape, which can lead traders to focus on the point of control (POC) levels within these distributions to assess potential rotational scenarios. The slightly lower dollar and the current positive volatility imply a mixed and balanced market behavior ahead. In terms of the daily price data, on the back-adjusted data, the market was testing the lower value extreme of the Year’s developing value area, which could attract core buyers. However, when considering non-back-adjusted price data, the market appears to be targeting the particular lower extreme at the moment, potentially finding supportive buyers around a prior Quarter’s lower value extreme. More By This Author:US Stock Futures Rise After Two Days Of Decline
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