E-Mini S&P 500 Futures Analysis 12th Jan

Last 2 days price action has been bullish at close and relatively flat over night. Above 4704 we have single prints from 5th Jan and market has the potential to cover that and reach up to 4780. However the move today hasnt been as bullish and I expected it to be.

Todays profile is pretty thick and balance between 4725 and 4709. Small scalp opportunities only.

Possible trades for tomorrow -

Possibility # 1 - Push above todays value area high of 4725 can push the market up to 4780. It may not be a run up but expecting a slow grind.

Possibility #2 - Below 4690, expecting VPOC from 11th Jan i.e. 4650 as target.