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That same afternoon, SNOW traded just 126k, while GOOGL traded 8.69 million.
Note: Stocks in the same pool, with a 70-fold difference in liquidity.
The difference was all in that one hour at 22:00 on 11-06.
3.53x the volume, surging straight from 283.34 to 291.14.
The price moved eight bucks in one hour, $GOOGL with a daily range of 3.3%.
Note: That was the biggest candle of the week, and nobody followed.
Then over the next twenty hours, it gave back two-thirds of the gains.
Current price: 285.93, 5.21 away from 291.14.
Note: Just 22 cents from the moving average at 286.16, hovering right at the line, neither advancing nor retreating.
Volume in this hour was 563 contracts, one percent of the average volume of the previous twenty candles.
Note: The weekend order book is paper-thin; a single order can draw a long wick.
Only a move above 286.16 would count as a rebound; a break below 281.89 would be pure distribution.
Neither level has been reached, so I’m not touching a single share.
(Not investment advice; you are responsible for your own gains and losses)