NF had a weak close with NE down day in last session.Considered weak but no follow through today for such close at open and buyers gone for drive right from open..Negation for the view marked at 18180-18210.Above this probe was marked for 18255/18285/18320. NF gone with drive and one time frame up in first session till 18345 then settled at dPOC.
Failed trend day turned into short covering thick P profile..This POC now buyers need to sustain and drive up or better get gap up and once done never come below this wide POC..Failing to do so could get balance in value area for next session and then test of buying tail.
Buyers left two good support now from today session 18240 and 18200..Failing to sustain above today value area looking for test of these buyers zone then bounce. 18200 accepts means some liquidation possible.
Levels for next session, failing to stay above 18355 could drop to 18315 and weak below that for 18280/18255-18240 if sustains more weakness towards 18210-18195 then 18165/18130/18100 possible. Failing to stay below 18200 and move above 18265 could get 18300-18320/18350-18365..More bullish above 18375 for 18410/18440-18460+
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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