The NF profile shows a breakout above the 2 day balance area above the 4632 levels.
The day was neutral extreme with a close at the upper extreme. Th positive momentum can only sustain if a neutral extreme day opens above the high of the day.4668 is the value high for today’s breakout and the first point of action tomorrow for any downside moves.
The highs of the day were near the lows of the previous balance zone we had seen in the NF at 4730 regions.The zone between 4730 and 4640 is poorly traded and the NF can spend some time distributing volume in this zone.
The SL for all swing longs remains at 4614 levels.