news around 3:30 ?

Here's the SPX 5 second chart. I don't see much difference between 3:30 and 2:27:10, 2:37:30, 3:11:15 and 3:35:35, to name a few.

I do not trade this time frequency, however, so feel free to take that with a grain of salt.
 

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news around 3:30 ?

You have a lot of market wisdom, and life wisdom, to learn, if you feel every movement needs a perfectly rational, logical, explanation behind it that one can foretell ahead of time.

To some extent, trading the market daily is part art, part science....a trader can generally, loosely, anticipate the overall movement, but not precisely, technically, rationally.
You need a dynamic mind, because deviations can slightly occur...which it did today.

As long as a trader can nail partially the anticipated movement, they can succeed and get rich. You don't need to be a complete market prophet.
 
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Four other 5 minute bars earlier today (plus 1 @ 3:00am Eurozone open) that had larger ranges. See ATR on bottom set to 1.

Think the only one that was news-related was @ 8:30am.
!Large ranges.png
 
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