Friendly bots both sides of almost every trade, massaging the market
The market was dues a technical bounce and by god they are going to make it happen if they can.
How can one be sure?
With bid/ask at say $300.00 and $300.20 respectively, and the stock up 3% for the day maybe 100K shares will trade in that tight range.
Then when a relatively small sell block hits, say 15,000 shares it can quickly drop $0.50, then instantly return.
That action is due to friendly trades, then an outsider getting in the middle and they do not want the shares so they pull the $300.00 bid instantly, but as soon as waiting retail absorbs the sell volume they replace the bid. Sometimes it happens so fast if one is not watching the "tape" it's missed altogether.
A purely manipulated virtually no volume market, nothing more.
Geez, Mr. Pseudocool doesn't know this bit of cyberspeak.
"Bot" is short for "robot". In Internet parlance, it usually refers to software that performs some more or less useful task on some subset of the Internet. Chatbots constitute a well-known subset of the type. They serve as question answerers in chat rooms, for example. Or they attempt to pass the Turing Test by deception rather than attempting to mimic human thought processes.