End of day action is massive SHORT position holders "cashing in" at VIX spike mixed with new yearly lows. MOST optimal time to cover heavy SHORT play positions that are/were in a MASSIVE profitable state......Auction Market Theory in grand action agin today.
Heck.....I even covered portions of my Long Term Rydex 200% Inverse S&P500 positions today. Had to, VIX over 50 and new blowout lows....that is a screaming no brainer actually.