Unusual dark pool activity was detected in IWM (Russell 2000 ETF) on December 9, 2019.

Unusual dark pool activity detected in IWM stock on December 9, 2019.

The unusual dark pool activity looks to be selling IMO. Check out the volume candle chart on December 9, 2019.

A volume candle chart of IWM stock that shows huge dark pool activity right after market close (brown shaded area) on December 9, 2019.

This is a bit like reading tea leaves so I could be totally wrong here but notice how IWM went down following the dark pool order. When price conclusively breaks to either the upside or downside immediately following a large dark pool print, it suggests the print was either a buy or sell. In this case, because IWM dropped after the posting of the dark pool order, it suggests that it might be a sell order BUT no one really knows but the insiders and market makers.

This is tax selling week where, seasonally speaking, it’s usually a sideways to down week for markets.

Not only does seasonally support a pullback this week but look at the daily chart of IWM. We have two days of upper-shadow candlesticks at the top of uptrend channel resistance which also favors a pullback.

finviz dynamic chart for  iwm
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