Well Hello VIX
With black boxes playing a more prominent role with regards to liquidity and price action in today's market, sometimes the envelope gets pushed in both directions. This is a picture of the SPY 1 minute chart. At around 10:15, a large order sent the market into a quick frenzy. In a 6 minute span, the SPY quickly fell from 202 to 200.75 then raced back above 203 only to rapidly plunge to 201.50. These black boxes can make the market seem very random at times! As they say, "The market can remain irrational longer than you can remain solvent!" Need help navigating the turbulent market during these volatile times? Trade with the Experts!