Here's a chart of the NF and the BN of today with the profile configured to depict the delta instead of value.
The delta is expressed as the net difference in volume traded at the ask prices as against that traded at bid prices.
The buy delta is in green and the sell in red. The results are only for the past three days of data in the profiles.
After a large IB today in the NF, the chances of getting a good range extension were remote and the same shows up as sellers were not successful in keeping the NF below IB low.. However we see a large amount of selling near the POC and the fact that the day was controlled by sellers is established from there.
The broader market is still moving in the balanced region established in the second week of last month., as can be seen in this chart below
We already have had two trips straight through this zone * 5332-5480) , up and down which shows that the market likes to auction this area.
The BN's profile is split with buyers below POC and sellers above it.
The profile was balanced after the initial spike down and hence an exit of value tomorrow is a good trading opportunity with one of the two parties who are balanced today expected to give up in the first auction outside value tomorrow.