NF had 3rd day of one time frame up and closed with incomplete auction at top. Sm supply seen at close without going for cover and expected squeeze for them if not accepted below 22080 and once accepted expected a move back to VAL and tail at low from last session..NF had a open lower below 22080 but gone for quite a open auction, then move higher could not squeeze shorts but they added further and pushed down to last session VAL as well as below PDL then bounced and closed at dPOC.
Failed auction at top.
Neutral center day closing below dPOC. Skewed dPOC down and closed below that..Good supply seen at close..Job of sellers next session is to defend around 22060 and skew lower then accept well in buying tail of today to look for auction moving into 12th profile zones..Failing to do so expecting another overlap session in last two days value area then may be spike into close.
Swing view same..22220 remains open and negation moves to 21940.
Levels wise for next session, not staying below 22010 and moving above 22050 could get 22080 if sustains 22110-22120 then sm balance and later could get 22150-22160/22190/22220/22250. Not able to stay above 22070 and moving below 22020 could test 21995 and bounce else 21970-21965/21925/21890-21875 then bounce possible.Below 21870 could drop to 21835-21820/21785/21755-21735.
Charts and data :
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