![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgD84X0_3n7EPJNjuHVk0dVGsv9dxMZp48jG-nS_ezAdPI_0TM3T48u_ef0eeB22Uch4QWm2cz73rUPCArXQkDTWfVwRComFXFbARN4zm642Cb9ZhQFsJsIUdV2mErTh6gI_Iz-Ig/s400/ES050709a.gif)
Here we see the number of trades from large traders displayed in each 30-minute bar as a separate "market profile". We see the movement of price away from the value area we had formed around ES 925-926 and then a building of volume at successively lower levels, as a preponderance of volume has been hitting bids (bottom histogram). Note how NQ has broken multi-day lows, as the growth theme that had lifted stocks has faltered.
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