NF had a long liquidation auction last session with good volume. Either balance or another session or two downside auction expected and holding below 23750 expected a one more swipe down day. They could not stay above 23750 and gone for PDL swipe then remained down all day then closed with spike down at low.
Failed auction at top.
Neutral extreme down day with another good volume session.Auction looks incomplete at low.
Stopped 7days of one time frame up.
23575 res to start the session and holding below this likely to get one more push down..If this accepts then some balance and move higher towards 23650 zone where we could look for setttlement..If this zone accepts well then more upside odds.
Potential excess at top became confirmed excess today with a move below PDL stopping one time frame up.
Swing view expected towards 23580 bounce else 23490/23420-23380 expected. They got till 23490 zone today. Swing short view negation now moves to 23665 to look for remaining obj.
Check plan or trade hypos.
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