Neutral center close for NF in last session..Buyers job today was to defend 22410-22430 to push higher to 22470+ else weakness marked for 22370/22340/22310 then bounce expected..NF did open auction swiping below 22410 and bounce could not stay higher above 22470 which dropped below 22410 till 22322 then bounced to close as NE up day.
Failed auction at low.
Outside day.
Neutral extreme up day.
Spike at close..Spike rules for next session with 22540-22605 as spike zone..Stay in /above spike zone = strength ; good range extn higher and back below POC = fill spike zone ; below spike low = weakness.
Buyers advantage at close auction and data wise and incomplete auction at top with dPOC skew up..As discussed in commentary, swing opened up for 22640/22750 with 22460 being solid swing support now..22300-22340 weekly support responded strongly today which is good support for March now.
Levels wise for next session staying above 22610 could get 22640/22670-22680 then pullback else 22710/22740 possible..Not able to stay above 22670 could drop to 22610-22595 and after good range extn higher and moving below 22590 could get 22560-22540 and weak below 22540 for 22510/22470-22460.Quite weak below 22450 for 22420/22390-22380/22350.
Charts
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