ES Update

I know this chart is a little confusing...

The light purple line in the ES VWAP, it just managed to climb above the VWAP, but the light blue is 3C, note the negative divergence in ES as it just pops above the VWAP. Remember that the VWAP is used by Wall Street to judge whether their orders, which are routed through market makers and specialists, were filled at a decent (competitive) price. My take on this chart would be seeing a negative divergence right above the VWAP would suggest institutional short selling, the price would be favorable for the institutional money if they are shorting above the VWAP and the negative divergence would suggest that is exactly what is happening.