RE: Arbitrage22 Jul 2020 22:59
I agree Steeplejack. MMs appear to be playing both sides against the middle.
Drop NASDAQ in afternoon, then drop AIM to catch up in the morning. Drop AIM a bit further in the afternoon which then triggers drop on NASDAQ at open. AIM then drops further at close to catch NASDAQ, then NASDAQ drops again at close and the cycle continues.
I accept that it has worked similarly on the way up, but that appeared to be driven by volume and sentiment, rather than contrived as last couple of days look.
Ultimately MMs will run out of options and will have to follow market forces, but it doesn’t make it any easier to watch.