Today's ES at close

C

chucksil

The ES (e-mini S&P) dropped about 8 points in a few seconds at the close, then recovered. Is this due to the "rebalancing" that I hear the leveraged ETF's have to do every day?
 
The cash SPX did not make that move down. Might have had something to do with EOM futures options or could have been a fat finger.

Unless the perps confess it is difficult to know exactly what happened.:confused:
 
Quote from chucksil:

The ES (e-mini S&P) dropped about 8 points in a few seconds at the close, then recovered. Is this due to the "rebalancing" that I hear the leveraged ETF's have to do every day?
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You're having data problems.
 
Quote from wrbtrader:

You're having data problems.
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OP talks about 2/29 close and it did drop 8 points in one second. Here are some charts from Nanex:

20120229.SPY.15.59.13.600_100ms.0.gif


http://www.zerohedge.com/news/forensic-analysis-yesterdays-market-close-mini-flash-crash
 
Quote from chucksil:

The ES (e-mini S&P) dropped about 8 points in a few seconds at the close, then recovered. Is this due to the "rebalancing" that I hear the leveraged ETF's have to do every day?
More...

This was the first sign of the 1-st leg correction.
 
Quote from Bowgett:

OP talks about 2/29 close and it did drop 8 points in one second. Here are some charts from Nanex...
More...

Ahhh...I thought he was talking about 3/01 because I saw the first reply as dated 3/01.

As for the prior trading day, must have freaked some folks that were closing or opening positions.
 
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