Institutional Sneak Attack on XLI
I spotted some very high volumes coming in right at the end of market close and during after hours trading on XLI. Massive volumes = institutional traffic. However, price levels didn't actually move much until late into AH trading, when a tiny amount of volume (orders totaling 102 only) did a gap up in price to $63.88. This suggests a gap up breakout could occur, but this also feels heavily manipulated, so be careful here. I wanted to raise awareness of this movement and will be closely monitoring XLI on Monday.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.