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.
I see this a lot on Fridays for the Dow and NQ also. Hyped move during the opening..will slow down during mid-morning and afternoons, just to resume the trend late afternoons. It really does "pay" to wait it out.
%% OK; it went up more than i thought it would also. BUT ever thought of try SPY using hourly charts , not'' totally flat'' @ all, even with a blunt sloW go 50 period average. NOR are mm your or my problem Right /on it '' not moving an inch '', so some time$ have to use hourly charts
That shot-up within the last 10 minutes I am sure were panic covering of shorts just before the valuation cut-off time at 4:00 PM. There must've been a lot of shorts at around the 3900 level and seeing it being breached must've triggered a whole sleuth of shorts covering.
The market is perfectly fine as is. Just because it doesn't move exactly as your plans, assumptions, and wishes....that don't mean it's broke, evil, shady and corrupt. What did you make in the market today, TheDawn? Enough to buy a Big Mac, Whole Alaskan King Salmon, Mortgage payment, House,