RE: 2.3910 Sep 2018 17:58
UT trades are officially so that MMs can balance their books by selling to each other.
I suspect it’s actually to manipulate the shape of today’s candle on a candlestick chart, so it does not look like an inverted hammer (which signals a reversal of trend), so that in turn people are not deterred from buying tomorrow.
I.e. I suspect that some MMs want us to keep buying tomorrow, so they may encourage the SP to continue to rise tomorrow.