The imbalance and the breakout from the larger balance zone above the 5160 levels is still continuing with efforts to find value meeting little or no success.
If yesterday's open had short covering and represented a rejection of the lower auction of the day before ( 14/5) , then today's open has thrown yesterday's value out.
Clearly the market is not finding follow through as it moves now in this 100 point zone.
Of interest to us is the balance area between 10-16th Jan ( Not shown in the chart above)
The market is resting at this zone in this chart below :
This composite profile of the spot has a composite HVN at 4856 currently.
It represents the best opportunity for the market to decide the next big auction.