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Friday, June 12, 2020

SPX S&P 500 5-Minute Chart; Machine-Driven Selloff


The stock market complacency finally creates a spankdown off the top. The S&P 500 dumps 188 points, -5.9%, to 3002. After the gap-down open, the machines clearly took over. Typically, about 80% of the daily trading is robot-driven. During the 6/11/20 selloff, the chart unequivocally shows steady-eddy, machine-driven, programmed selling start to finish probably controlling over 90% of the trading. Computers are in charge of the world; isn't that reassuring? This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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