No demand day printed by NF in last session. Buyers with dPOC skew close to survive next needed gap or drive up else move below VAL zone expected to get PDL swipe and more on downside. Failing to stay above 19660 and move below 19635 marked for 19610/19580/19555-19545. NF had a open auction then gone for this move via DD down profile till 19555 then closed extn singles and spiked other side to close at high.
Outside day.
Neutral extreme up day with spike close.
Failed DD day.
All info suggests supply today failed badly and buyers got control of auction with them at close.They have to defend spike zone next to stay higher to get 19720+ then gets value above that means opens up for 19760/19820-19840. Mild weakness if 19625-19645 band not rejecting but giving up, which could call for overlap in today profile and solid weakness below 19600 which is swing support again.
Levels wise for next session, failing to stay below 19620 and move above 19665 could get 19685/19710-19720 if sustains 19760-19780/19820 possible. Failing to stay above 19720 and move below 19665 could get 19635-19625 and weak below that for 19600/1957019545-19530.
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 :
a) Check glossary page in website if any of the terms used in the post are not clear.
b) If images are not clear, click on them for enlarged view.
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