Hi volume---stock up $1 from its morning low
IIt is called Secondary reaction, when lot of margin calls follow, floor traders create this trap.
Google Search, Secondary Reaction.
The whole market did in Japan a few days ago.
Please be careful and don’t go to sleep with your hard earned funds. No one is buying; these are supported by short covering, and back to shorting and selling.
Real gap opening will occur when lot of folks start dumping their mutual funds.
Watch near the close, if the mutual funds dumping starts.