What happened?
# Bounced from 6015 to 6080.
# Upswing with low conviction.
# Range extended upside.
# Value overlapped.
# Double distribution Higher side.
What likely?
# 6100/6108 zone likely to resist price.
# Upside capped.
# 6031 level to be revisited.
# Big swing.
# 6065 pivot for the day.
# 6039 bigger time frame support.
Pre Open Take:
Short nf near 6095 with stop loss 6110 look for 6065 & 6031 . If price doesn't visit 6095 levels one can short below 6060 with 6070 stop for 6031 target.
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Happy trading !!!
Jay
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