VWAP for Futures

VWAP or better, the upper (2 Standard Deviations) is where market makers, specialists (especially those two) and funds in general want to sell their inventory. They want to buy below (at the lower 2-Standard Deviation) or at VWAP.

Here's VWAP for the SPX, R2K and NDX futures.

 ES shows price earlier today hugging the upper standard deviation, there's a reason it stys so close to that channel, it's because supply and demand is adjusted (how much they feed out for sale or even where market makers and specialists may support the market to keep it from falling too far away from the channel), it's no coincidence price hugs that 2nd standard deviation.

As seen on the last 3C chart posted...

Note when 3C distribution (negative divergence)grows stronger and stronger, this is heavier distribution or short selling, this pulled price away from the 2nd SD of VWAP, if there's an afternoon ramp, the target is that 2nd SD, when price falls below VWAP, watch out.

 NASDAQ/NQ sees the same thing

As does TF/R2k

I see a little 1 min positive in QQQ now, it doesn't come close to moving the 1 min, so it looks like market maker/specialist or even algo work.