NF had NE up day in last session and considered weakness below 19625 and solid weakness marked below 19600 swing support. NF had a move below 19625 but held above 19600 and gone for ORR up move first to clear PDH then after a balance got a good extn with volume to close at high. Failing to stay below 19620 and move above 19665 marked for 19720/19760-19780 and NF gone for this today with late DD profile auction.
Double disbn trend day up. Large extn singles with volume today. Swing support moves to 19675 now and either fill this extn single or move higher first and late come down to take care of this extn singles NF could do from here.As long as this 19675 holds looking for 19820/19860/19920 next for the move started from old swing support 19600 today.
3IB day after outside day. Quick push higher in first session less chance and possible to have balance first then move higher later..If goes higher first in IB period then risk with long side for a good pullback during mid/late session.
Wider lower disbn and thin upper disbn means this lower disbn likely to hold for a session or two till they complete upside probe either straight first or after building value in extn single of today then move higher later as mentioned above.
Levels wise for next session, failing to stay below 19700 and move above 19735 could get 19760/19785 bullish above that for 19815/19840/19865/19890.Failing to stay above 19775 and move below 19730 could get 19705-19690 and weak below that for 19665/19635-19625.
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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