Can this be true?

I am still very new to this but something that jumps out at me is the amount of volume at the price levels before Trumps election. Makes sense that there would be more volume at the first half of a bull run but it just seems that there is a huge amount at the lower price levels and then a drop off once Trump is elected. This tells me that the "Big Boys" have already done their buying early and have been hedging up stocks over the last four years. That would allow them to take big profits and not hurt their investments.

I see this in several of the indexes (really looking at their ETF's) and most of the Dow 30 stocks. It seems that the stock market could drop 15% to 20% and major investors would not even feel the pressure. However the smaller guys and individual traders (such as my self) could really get hurt.

I did the same analysis for the period between 2000 and 2009. Most of the trading volume there was at the higher prices. Makes sense why some many were finically hurt then and why banks suffered.

I am I seeing this correctly? Is this typical?
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