Once again we had a range extension which went upwards and in many days we had a close above the value high for the previous day.
This is underlining a value shift happening as swing term charts show that the market is poised delicately at the vwap of the series.
The chart shows the effect of the moving daily value and price.Today is the first day we had value created higher after 5 sessions. Value areas are the green lines.
Let's look at the weekly value as well as we close out the week tomorrow.
The weekly picture shows the NF at the top of the developing week. Immediate support is at 5260 below.
The BN broke the pattern of lower values yesterday and value was much higher again today.
The weekly picture paints a small alarm as the recent unmove is not enjoying value. We will have to wait out for the two to catch up in BN.