There was a rumor that lifted the market an hour earlier (that Germany would bail out Greece), but when it was officially denied, the market corrected. Here's a better explanation:
Exactly...live news feed or live financial network news is a must when trading any futures especially if someone is wondering what happen when they see those sudden strong parabolic price movements.
In fact, if it's not breaking news related...it's related to a regular schedule market event or some FED / ECB speech...many of which have calendars one can follow to prevent that what happen feeling.
Trade? I don't even paper trade! I'm still trying to figure all these crazy charts out. I look at the charts at night, wondering if I would have guessed if the line was going to go up or down.
Now I know to bring up google news and correlate..