Here is an update to the chart posted yesterday
The past 2 sessions have not seen any excess which tells us that there is no OTF present now.
Big money is still on the sidelines .
The range for the month is just about 220 points.
WE are trading an inside day profile where an exit of value and range would mean that the longer Time frame may just step in to the new value.
If the break of range is good, we have an auction probing higher/ lower for new buyers/ sellers as the case may be. If it is rejected and comes back inside then it will probe on the opposite side.
Exit of range is the best risk-reward for directional trading.Exit of value will provide the first clue.