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Daily market summary,plan,charts and data of NF – 28Dec’22

NF had a entire auction in IB session in last session with advantage buyers at close. They expected to defend 18100 to get 18175..It got whipped in open auction then all day stayed between 18100-18175 then closed below dPOC. It was inside day yday and today gone for narrow range 3-1-3 profile with tails at both ends and nice bell balance. Locals dominated market today with volume well below average. Considering last two days auction, likely to have imbalance session next. Fail to sustain tail = value overlap and look for move in other end ; Accept tail = trend on that side could happen tmw. Buyers need to again defend 18100-18080 band to push back to 18150-18165 if sustains then move higher towards 18210/18240/18275. Failing to sustain above 18150 or 18200 could fall back to 18100-18080 and weak below that for 18050/18020/17980/17950. 4days balance got dPOC skew higher at close today..From 18015 they pulled the dPOC up to 18130 now right around dVAH of last 4days balance. So, buyers need to act fast in IB session to hold and push higher above 18150 to build value then later rally further.Once done, never come back below 18120 to avoid liquidation later in the day. Swing short view from 18500 got negated today at 18175.Will wait for a session to see if they go for value above this or fail to decide next swing view..Neutral now. Charts and data : 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. b) If images are not clear, click on them for enlarged view.

Daily market summary,plan,charts and data of NF – 28Dec’22

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