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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