Failed auction at top with NE down day for NF last session with incomplete auction at low. Kept 23575 as res for next session and above that move towards 23650 zone expected for settlement. They opened lower and could not stay below PDL and moved quick to 23575 then spiked up to complete IB swipe at 23640..Rest of session spent in tight range and closed at dPOC.
Large buying tail and short covering profile.
Buyers had to get early follow through above 23800 for bullish session to get 23840/23880-23900 and failing to do so could drop to test 23740 if sustains then slow drag towards 23695/23660 bounce else 23600 odds.
Swing short view closed with today's auction as it has accepted back in Neutral extreme down day range well.
Check plan for trade hypos.
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