21st Jan 2020

@ 9.00 AM

NF Closed at 12266. Superb Long liquidation and downtrend day. Volume pumped up a bit. ViX  skyrocketed above 15

NF VAs
VAH - 12325
POC - 12311
VAL - 12257

Hypo - 1 - If price opens inside YVA, it might balance for a while, price might touch YVAH or further little up until 12340 and then drive down to test 12230 zone.

Hypo - 2 - If price opens below YVAL, it might drive down to test 12200 / 12180 zone.

Hypo - 3 - If price opens above YVAH, it might test 12340 / 12350 zone and then drive down inside YVA and do some balancing moves.

Side Notes:
1) 'b' shape profile, long liquidation took place. next pullback until 12340 - 12360, we can short the market for 12210 (test of single prints of Jan 9th)
2) ViX closed at 15.41, up by 8%. Volumes were continuously increasing the whole day.
3) Today might be a balancing to pullback day, later it might drive down.

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