Because, like clockwork, the entire market
always turns on buy programs at the same time. Who cares about paying a good price when you are playing with other people's money in a SPARC-manipulated playground. Mr. T pities the retail fools who thought they have some chance of making money in this WWF-esque rigged spectacle.
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Also, good thing that the VIX is down 10% in a flat market. Thank god the markets are "regulated."
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And, yes you guessed it, the VWAP reversion programs win again (on no volume on quad witching). Nobody trades anymore except Simons with Simons (or rather Medallion with RIEF).
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