As the market finds itself at the bottom of the trading range, let's look at the composite profile to see what is happening.
The Composite profile from the 24th is balanced with a VPOC ( volume point of control) closer to the Value low.
Today's auction was below value but still in the range.
The composite VPOC at 5212 will be our focus and an auction below it increases the chances of a breakdown.
However should we move higher above this then we will still be rotating and creating energy within the range.
The BN profile has also a lower CVPOC.
This one is at 10134 currently.