I will watch QQQ. Touching the whole number is clearly an algorithmic action. If the up-tread is still in place then it needs to hold up there until close.
Do these bots have to do this?
I feel the bots programed by the pros (from the real investment bank and trading houses) are already switched gear. This morning is the last batch of amateurs playing with fire.
This really feels like 2007 and 2001. Steamy summer days with herds blindly piling into the all time highs. The sell off will start on a very quiet day.
The selling will be spectacular because of the correlation with bond market.
This year would otherwise be a flat or mildly down year. However, the Fed has successfully laid the ground for another pump and dump crash.
Running to the exit door. Bond bubble chasers will use the same door. Liquidity problem, and "technical" problems of the trading platforms are coming as well.
This is an interesting day.