crazy SPY volume today

I covered my short positions today. I think many shorts were forced to cover today. I know we are close to a big correction (maybe tomorrow) but it hit me hard and I should have done it sooner. My big mistake. I am surprised of myself of making such a mistake on holding on my shorts after 13 years of trading. Everyday, I said this is the last day.

 

There definetly was short covering. They unleashed 50,000 minis at 1115. I got caught as well.

 

stay nimble. Usually when shorts begin covering en masse is when the sell off is about to begin!

 

did you see the huge OIH volume today?

 

that heavy volume stopped suddenly at noon.

unwinding????? Thought they did all that fri

 

Since when is short covering tied to high volume across the board

 

Look at a one minute chart of xle, spy and dia from 11:00 to 11:30 am New York time, I have never seen this pattern before looks like a program of some sort.

 

Believe him, short covering can be heavy sometimes. I call it a combination of short covering and (retaliation and frustrated) greedy buying

 

Those prints are because of an ARCA problem, and affected all listed stocks.

 

thanks that price action didn't seem normal.