NF had inside day last session. Buyers expected to defend 19450 and push higher above 19490 to avoid overlap but follow through higher..NF had another OAIR around 19450 then pushed higher above 19490 for quite a tight balance later closed with spike at dVAH..
One time frame up continues post inside day. Now, 7th day of one time frame up.
2days composite balance resolved higher now..POC of this 2days at 19460 becomes swing support now.
Intra had a minor spike close..Spike low/VWAP zone 19525-19505 immediate support for next session..Buyers need to defend this and stay higher..Failing to do so could drop to wide POC 19460 if accepts then PDL test and more possible..
Levels wise for next session,not able to stay below 19510 and move above 19540 could get 19565/19590 if sustains 19630-19645 possible. If fails to stay below 19460 and move above 19510 could get 19540/19565/19590. Move below 19505 could get 19475-19460/19435/19410 then bounce and later sustains means 19375/19340-19330 possible
Charts and data :
Detailed plan with references to carry forward, actionable trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members in private blog.Above report is only part of it.
Notes :
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