🔴 Bias: Bearish to rotational bearish
🧲 Dealer Magnet: 23,650
⚠️ Dealer Comfort: Below 23,650
📍 Resistance: 23,650 → 23,700
📍 Support: 23,620 → 23,600 → 23,575
🚨 Trigger:
- Acceptance below 23,620 opens the door for another leg down.
- Acceptance back above 23,650 weakens the bearish case and shifts the auction back toward 23,700.
At this moment, the data does not show dealers preparing for an upside squeeze. It looks more like they are comfortable holding the market below 23,650 unless buyers can force acceptance back above that level.
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