Thursday’s plan for the ES contract played out better than I thought. Today we will take a look at the Euro Bund market and with that, I’ve covered all my favorite markets in this great week. For the next week, I plan to publish my analysis on our forum which is only accessible for The Private Banker members.

Now then, looking at the Euro Bund’s daily perspective, we can observe a trending behavior which occurred for 9 days. This week was kind of balanced or to put it into a better word, undecided. Yesterday’s high got taken out in the current session. Overall I expect a pullback higher for now.

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The week opened in the lower smaller acceptance area of the previous week’s multiple distribution profiles. The market tried various times to break to the upper larger distribution but broke lower in the end. Looking at the current profile, we can see a balanced shaped profile and I expect a rotation between the two extremes for now. In this session, we already tested a level for a nice short trade. Let’s see how the market will react at the lower extreme.

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The VWAP chart reveals the last details for a plan with its confluent levels. Wednesday’s VWAP close level and the previous day’s VAL close level are confluent with my areas of interest. As mentioned the VWAP close level got already tested and made a nice short trade. Looking now for a potential long trade around the lower extreme of this week’s session.

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That’s it for now. Wish you all a great weekend and we will see us next week again!