NF had a outside day in last session..Buyers ref was 17775-17790 to move further up.They defended this at open and had slow drive then later got clean extension after tight balance, to close at high.
Trend day closing at high.
From the composite b of large composite from mid Apr, buyers pushed this away clearly today. 17940 swing support now for them to continue the move higher.
NF cleared Mar and Apr high today to close above. Odds of spike close for month if they defend today's upper disbn in tmw session early in the day. Open flat means focus should be to defend 17960-17940 and overlap higher then extend higher later..Open higher means drive up and value higher all session and any pullback means defend above band . Weak below 17940 to test today's tail zone and low.
Levels wise for next session, failing to stay below 17960 and move above 17990 could get 18020/18050 if sustains more bullish for 18090/18140-18150. Failing to stay above 18020 could drop to 17960-17940 then should see a bounce else weak below 17930 for 17900-17890/17860-17840.
Charts and data :
Current month
Next month
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 :
a) Check glossary page in website if any of the terms used in the post are not clear.
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