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Thursday, March 28, 2024

Commentary On Today's Deja Vu Volume Action

Courtesy of Tyler Durden

Submitted by Dan O’Brien

In an earlier post today Tyler shows us the overall increase of volume as the market sold off. 



The volume did spike indeed as you can see the market slam the bid here.  Talk about an increase in volume…and oh yeah, it’s all blood red on the bid!

Later, however, as the market melted up yet again, you do not see the corresponding heavy buying lifting the offer.  Rather, you see very light buying lifting the offer – but it is non-stop. 


The ES trades nearly EIGHT handles straight up before any heavy buying hits the tape, which was probably a combination of HFT and a pool of buy stops.



How do you spell High Freq Trading?  Oh yeah, S-K-Y-N-E-T.

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