
Debriefing NFP Friday 8th July and Today’sJournal

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Mondays’ Data
Fridays +ONOvernight Session More PAPrice action More review

NFP Friday Debrief
Friday ONOvernight Session More session into NFP data saw the auction balance inside Thursday continuation rally that has now seen value shifting higher three sessions in a row (auction is OTFUOne time frame up. More onOvernight Session More daily).
What was notable into the NFP was how balanced the ONOvernight Session More profile was trading inside the prior VA and strong absorption at the prior VAL, leaving a poor low into NFP data.
NFP data beat and liquidations in treasury assets lead to higher yields
and a stepping curve, which made ONOvernight Session More longs think twice about holding. A choppy auction followed the data trading into the recently created non-excess lows, resulting in a fast-paced liquidation move through the ONOvernight Session More lows 3782 to backtest the spike base carried forward from Thursday. Only managing to auction as low as 3867, one point from the previous day’s low, was an important clue( lack of conviction by sellers).
A bounce off the 3867 to open 3887.5 resulted in a continuation of the auction to 3901. Sellers lay waiting and attempted once again to break the OTFUOne time frame up. More but failed at 3871.5. This showed a lack of conviction, and buyers reversed the auction higher to restest into the previous day’s high 3914.25. The break above the high was weak ( only held above for less than 2 TPO), leaving the daily high at 3922 (another clue, lack of conviction to hold trade above the previous day’s high.) The failed auctionAuctions out of the Initial Balance but is unable to hold on... More led to another rotation lower to a new higher low 3881—
A choppy balanced session with neither buyers nor sellers accomplishing anything. Value remains at an almost identical level to the prior session 3906.
Normal Variation Day
H: 3922 L: 3871.5 VPOCThe POC or Point-of-control is the price where the most amou... More 3906 MID 3896 VWAP 3901 SETTLE: 3906
MONITORING: 3922- High | 3871 Lows |
REMEMBER TO LOOK AT THE WEEKLY RESEARCH EVERYDAY
Update and Monday’s Plan
Not trading today- so no plan but would be waiting for the ONOvernight Session More extremes. Will be wanting to see a positive response from buyers onOvernight Session More the Open given the ONOvernight Session More weakness. Should this fail to materialise I would expect a quick liquidation to 3830 the NVPOCThe NVPOC or Naked POC is the same as a POC or VPOC but it h... More. Good luck everyone.

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