Double distribution trend down day it was for NF in last session. Closed below POC suggesting weakness. It opened higher above POC of trend day POC. Move higher could not clear PDH and gone for open rejection reverse down to VWAP zone of last session then bounced and all day remained in large two way balance to close above dVAH.
Back to back inside days accepting selling zone of large down day from 05/08. Lack of supply after two days auction now.Auction incomplete at highs at close today.Imbalance and some range likely for next session.
Failed auction at low. Good swing support now.
Neutral extreme up day. Buyers need to get drive/gap to travel higher into gap zone..If opens inside value are then they need to defend 24295-24310 zone for skew higher.
Swing resistance got cleared at 24250 to negate immediate bearish view.With FA low today,24210-24240 zone now becomes swing support to look for 24460/24540/24625.
Charts and data :
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