NF had a NE up day with spike close..Got a flat open and could not sustain higher which lead to overlap session then closed at dPOC higher.
Neutral extreme up day with value overlap..volume and range down.
That swing res 19480-19550 zone holding well and not allowing to open up and pushing for balance here..2days composite asking for more fill.
dPOC skew higher and close at dPOC..Buyers need drive/gap towards 19510/19545-19565 and once done should not accept below POC..Failing to sustain higher above PDH, looking for another overlap session with a move back to 19450/19405/19380 then bounce.If sustains 19380 then more weakness towards 19355/19330-19310.
Buyers of yday from Gap+FA+tail still holding auction..So, job now for them to create balance holding FA then look for range extension higher to pierce through this strong resistance zone.
Swing long from 19310 probed 19480.Negation moving to 19380 below FA of last session..They need to hold that now swing wise and look for balance and then extension higher towards
19540/19640/19850.View negates below 19380 as not allowing to probe higher after two back to back NE days + volume and range dying and clearing that FA means could move lower towards 19310 and below. So, better to quit long view and wait.
Charts and data :
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