Neutral days reveal a market testing both directional extremes without establishing clear control. These sessions often provide excellent opportunities for failed auction trades, as the market attempts moves in both directions before finding resolution. The sequence of breakouts (which extreme was tested first) provides context for potential day-end direction and next-day follow-through.

If the day closes at the highs or lows of the session, it is called a NeuX or a Neutral Extreme Day

If the session closes at center or near vwap it is called a Neutral centre day