Event day got 3IB down move then left excess at low with large buying tail then closed at dPOC.
July low got a swipe and moved back into large balance of July hence excess low printed today. This makes 24200-24250 as solid swing support zone for July.
Despite solid bounce from low to high with such range, shorts fully not cleared. Half of the supply came in for event still in system. To clear them further, NF needs to hold 24450 and look for staying above 24510 early in session which could get PDH and then further spike higher towards 24600/24675/24750 possible.
Not able to clear PDH and staying below 24450 could go for 24400/24350-24330 bounce else 24285/24240-24200 test and bounce should happen between 24200-24240..If stays below 24200, then more downside possible.
Primary bias to look for balance and skew down atleast in first session tmw as long as no squeeze higher happens early in session..Then may be post mid session, could find bottom and go for two way balance or reversal higher.
Charts and data :
Notes :
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