The charts above show the profiles of the NF and the BNF ( daily) with the POC in dark blue.
A rising POC is the sign of an uptrending market whereas a POC going sideways is a sign of a market in a sideways or a consolidation mode.
In keeping with the Steidlmayer distribution theory we are in step two of the three step process between a balance and an Imbalance in the markets.
The markets always go from imbalance to balance and we may be witness to the end of the second stage of balance currently if the lower prices of the morning hold.