Observation after last session close was that data wise nothing happened except clearing some shorts. If no acceptance below 15710 but accepting 15740 expected another overlap session..NF gone for this tight overlap day with clean inside day then closed at low.
That Gap + tail of 13th managed to hold auction now for 2 days and delivered nice 3days nice bell with skewed POC..Good imbalance move next and we got event also. Context wise this balance closed below dVAL..same story of June continuing..We had 6 days bell balance closed at lower quad then resolved down..Next 3days balance closed at lower quad and got another leg down..Now, another 3days balance closing at dVAL. Weakness could continue.
Though not a clean FA, still can call FA at top with neutral extreme down close..Holding below 15820 could look for follow through down..Above 15820 short squeeze possible towards 15920/15980/16050.
Weak swing low still remains around 15670..Same obj as have been mentioning last few days..15510/15400 and now negation for this view moves from 15940 to 15820.As mentioned earlier, till we resolve this swing low, upside rally less chance.If gets move higher then could seek only balance after relief rally/ short squeeze and not a sustained movve higher.
Charts & 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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