NF had a failed trend day in last session and expected some repair with res zones marked at 23060 then 23130. First session they failed to sustain above 23130 and gone for quick down move clearing IBL then got clean bounce and held all day with value higher to close above PDH.
Failed auction at low.
Neutral extreme up day closing at high with auction incomplete at top.
Good double print selling tail of last session got value today with NE up close so structure as well as data with buyers at close and they have to defend 23120 worst case 23075 incase of open inside range.Better if gets gap or drive up. Below 23075 odds for overlap and liquidation.
Swing wise 22915/22835 repair expected with negation at 23180 and that got negated today. This repair could now wait as long as we stay above 23075 and could get done later.
Levels wise for next session, not able to stay below 23075 and back above 23145 could get 23185 bullish above that for 23215/23250-23265/23290/23320/23355. Not able to get follow through higher open and moves below 23105 then test 23075 bounce else 23045 and weak further below 23040 for 23010-22995/22965/22935-22925 goes means more weakness towards 22880/22850-22835.
Charts and data :
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