ok, so I guess 2/3 of the volume during our afternoon hours comes from foreign daytraders working at 4am their time. thanks for the heads up is there no end to the idiocy
IWM volume is < 50% avg, SPY-1/3 of avg vol. make me think that most of the volume on US exchanges is not from US ..
I`m surprised people are surprised by this It`s still a holiday in Europe, so I deliberately took the day off expecting low volume and small (if any) directional movement. Only bots playing back and forth Just like Thursday (markets in Europe were closed that day as well).