Unless you've been trading under a rock, everyone should be familiar with what's going on over at Boeing. As you can see on the 4 hour chart we retraced a lot of the drop but failed to start a gap fill. This came as delivery reports were down significantly and a speedy fix is beginning to seem unlikely. Price has come back towards post fiasco support, usually I would buy in here for a swing back to 400 but something wasn't feeling right. Volume profile indicated near equal buying and selling in the 70% range of traded volume the last two days. I got even more suspicious when I noticed the minute after the close today. It appears to be a large amount of buying, almost 200k shares! but wait....the net volume is negative? This likely means someone dumped 200k shares on the market and it was gobbled up by smaller orders executed by algos and last minute buyers who just missed the bell. Now who would have the capital to sell 200K shares and why would they sell into support? Megladons are closing in and it looks like BTFDers are on the menu.
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would like to not my charts are on Pacific Standard Time. Markets close 1PM local time sorry for the confusion
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Lol I misspelled hiding