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Confused Algos BTFD At European Close After Panic-Selling 'US Open' 

By: capt_nemo in POPE 5 | Recommend this post (1)
Mon, 21 Jan 19 10:35 PM | 22 view(s)
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930ET (US Open) and US equity futures plunge...

1130ET (EU Close) and US equity futures surge...


Update: Seems the intraday pattern is fully embedded in the machines' code. The European close (1130ET) triggered a wave of algo buying to erase the ignorant selling at the US Open (which did not take place due to the holiday)...
http://www.zerohedge.com/news/2019-01-21/someone-forgot-tell-machines-market-closed




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