Futures pump and dump
It's amazing how little liquidity there is AH and how easily they can pump futures on very low volume. This is what makes the pump and dump work.
I don't know exactly how the arbitration works, but seems real easy to buy during the day and pump it overnight. Right now the Asians are pumping the market and it's already above Tuesday's market opening price. I guess they don't care what POwell has to say, lol. We'll see what teh Euros do.
I don't know exactly how the arbitration works, but seems real easy to buy during the day and pump it overnight. Right now the Asians are pumping the market and it's already above Tuesday's market opening price. I guess they don't care what POwell has to say, lol. We'll see what teh Euros do.
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What comes after the pump? The dump, lol.
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The funny part about it is that people actually bought into a 1.5% gap up this morning on absolutely no news and a hawkish POwell, lol
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The dump is pretty obvious if you hit the play button, no further updates on this since it was a 1 hr chart. I was just pointing out the pump and dump algo. Wish I had seen the huge pump coming though, that would have been easy money on calls overnight
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The US algos make sense, but I don't see how the Asian algos are making any money unless they're part of the action during US market hours. Futures selling off now with Asian market even though US futures are lower than when the Asians were pumping the past few days.