It was neutral center day in last session with FA top.NF in open auction cleared FA top but could not sustain higher and dropped back to NC day VWAP zone which held for first session for tight balance then later resolved down to print outside day then closed at low.
Outside day.
4IB down day.
Tested weekly support band 21120-20990 and closed with spike. Spike zone 21043-20991.Stay in/below spike =weakness else strength.
5th day of composite and another session where minor supply of last 4days not budging and added sm more supply today..They should not allow auction to stay higher above spike and look for follow through downside further..Failing to do so looking for good fill in today's value area.
5days composite balance now..Swing support moves to 20990.Goes means test of 20940/20890 zone then bounce possible.
For next session, move above 21045 could get 21070-21080 if sustains 21110-21120/21140 possible.Above 21145 could get 21180/21210.Not able to stay below 20920 and move above 20960 could test 20990/21015/21040. Failing to stay above 21065 and moving below 21035 could get 21010-20995 and weak below that for 20965/20940-20920/20895 if sustains could move down towards 20865-20840/20810.
Charts and data :
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