Screenshot of market action (before close) on 7th of March 2016.
The market rallied since the opening and crossed the psychological barrier of 2,000 level. During the second half of the trading session the market drop hard from 2,002 to 1,990. Was this a drop caused by some news or dark pools or anything like that?… Not really…
Big Money was seen entering the market in big volume blue and green bars, right at the very top before 11am, the XBP Tape Players indicator show us that. Then the market goes horizontal just to find resistance as seen by the white horizontal bar of the XBP BB SR indicator. As the market cannot cross this resistance because the big money entered short… the market falls.
Easy action to spot using the XBP indicators 🙂