Daily market summary,plan charts and data of NF – 24Jul’26

NF had a gap down below composite low of July and stayed lower in first session then could not sustain below IBL then bounced and closed gap then after balance closed at upper quad.

3rd day of one time frame down.

Poor low.

Double disbn day with dPOC skew at upper quad and closed there. No inventory backup from buyers at close. Odds for pullback to 23720-23690 next session then may do overlap. If they get follow through higher instead at PDH then short squeeze odds.

Levels wise move above 23870 could get 23910/23940 reject else 23980/23020/23060 odds next. Failing to stay above 23860 and back below 23820 could get 23780 weak below that for 23740 quite weak below that for 23710-23690 bounce else 23650 and liquidation below that for 23610/23580/23540/23510/23485.

Swing move got 23650 and negation same 23940 to look for 23720/23650 again then 23480/23360/23240.

Weekly and monthly :

24180 marked as solid support for the week after spike up close and below that expected 24080/23965/23800. They cleared 24180 early in the week then held tight two days then started moving down via one time frame down to get 23800/23650. Elongated week and balanced month resolving downside makes it quite weak at close of the week. 23940 res for the week. As long as we stay below this either balance and grind lower and continue imbalance down odds. Looking for 23700/23585/23480 good support for bounce else 23360 solid support zone to hold if gives up 23240/23050 odds.

Failing to stay below 23700 and clearing 23870 could get 23940 reject else squeeze to 24080/24180-24220 odds then that zone accepts means spike towards 24330/24450 possible.

Charts and data :