schaeffer's on yesterday's SPX futures manipulation
Looks like we had some pretty big program buying going on yesterday in front of the Presidential election, as volume was very strong. You've got to admit that the Dow above 10,000 sure looks a lot better than it does under 10,000. Could it be manipulation? I don't know but here is something to think about before you answer. Between about 10:45 and 11:05 a.m. about 150,000 e-mini contracts traded on the S&P 500. This comes out to nearly 1/5 of the average daily volume. The bottom line is the easiest way to manipulate the stock market is through the futures market and this sure looked like what happened yesterday. It's going to be very interesting to see what happens in the market heading into the election. This I write from the conspiracy side of my brain.
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