Found this SNEAKY dark pool print at the last hour of day! It is likely MASSIVE institutional selling into the Easter long weekend. This ETFs top holdings are the market leaders MSFT AAPL AMZN GOOGL and FB. Look at that end of day volume spike! Please rest well and be mentally prepared for next week.
Comment:
Keep in mind that previous red candles of this magnitude generally led to a price increase for a few hours, followed then by a much larger decline.
"...stock prices on exchanges may not reflect the actual market. For example, if a well-regarded mutual fund owns 20% of company RST stock and sells it off in a dark pool, the sale of the stake may fetch the fund a good price. However, unwary investors who have just bought RST shares will have paid too much since the stock could collapse once the fund’s sale becomes public knowledge."
From www.investopedia.com...ction-dark-pools.asp
This means that potentially a market leader price collapse could ensue sometime in the following days as this final hour dark pool sale comes to realization.