I would be more specific and say it was a relentless rally, rather than volatile. To me volatile means up and down, so both longs and short get stopped out until the ultimate up or down side becomes obvious. (kind of like FOMC action sometimes for the first few minutes after 2pm)Yesterday was Russell rebalancing. It can cause big swings. Couple that with a asset rebalancings and you could have a very volatile close (with the market makers trying to exploit these flows). It happens all the time.
Yesterday was Russell rebalancing. It can cause big swings. Couple that with a asset rebalancings and you could have a very volatile close (with the market makers trying to exploit these flows). It happens all the time.
When did you start trading? Last month?3+%!! I have never seen the S&P 500 go up that much in a day!!
Yes I have heard of the SOES Bandits. They gave rise to one of the largest automatic order-matching ECN Island which is what I think how exchanges should work.

SPX went up by 14 points within just the last 10 minutes of the market!! Unreal!! SPX was totally flat throughout the entire six and half hours of trading not moving an inch and yet at the very last 10 minutes, it shot up by 14 points. If that's not the market makers pushing to shake out positions from the retail traders so they get paid, I don't know what is. After all, they know all of our positions under this Payment For Orderflow arrangement.
Feel free to give your insights here but this is how I feel.
you need to substantiate your statement with facts / data / evidence.
If not, your writeup is considered as garbage / nonsense.
SPBL program buying. One of the strongest trend days. All day long. Every time tries to go down every pb is bought and prices continues up. One way to play this is just keep adding to a long position on every PB then exit before EOD.Look at how flat the prices are from 11:00 AM to 14:30 and then it slowly crept up but still not moving much until this one big long candle within the last 10 minutes.
Shadowing the ax, it was easy in 99SOES Small order execution system. MM’s HATED IT.