What's going on with the SPY?

Discussion in 'Trading' started by hobob, Jun 17, 2009.

  1. hobob


    I've noticed that the SPY has had some really large tails lately on a 5min chart. Using pivots, it looks like many trades would have gotten stopped out, only to go back in the desired direction. The /es doesn't have these tails at all in the same time period. Any ideas?