The white box I inserted is where a 41 million dollar purchase was made at the price of $16.20 BUT, a second large purchase was made of 8.3 million dollars at the price of $16.00.
After these purchases, the price was able to stay above the purchase price and this is a bullish sign on medium term volatility.
Circled in the volume candles is the exact trades that I mentioned and I will be watching very closely on how this move prior to and at FOMC.
Its pretty obvious the NVIDIA event will be bullish for the markets until FOMC.
Little pop..... and a DROP.
Comment
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stayed underneath my channel... I need to stop getting in so early.
Trade closed manually
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Market will bounce from here and volatility will be reduced..... temporarily.