05.19.22 | Auction Market Analysis

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Exhausted from Wednesday’s Selloff … Rotation

A trending market moves, pauses to consolidate, and then continues on until the trend is complete.


Today’s Market Profile indicates a single distribution and shows a high degree of rotation, with well-defined breakout points for a transition to trending.

Today’s rotation profile would suggest traders identified 3900-3910 as fairest value. An early warning of impending transition is indicated by an afternoon test of 3940.

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