True on the algos. Taper off?
I really don’t think anything matters except that They want to just keep jamming everything higher with whatever counterfeit Fed money there is. Taper on, taper off, USD/JPY high, USD/JPY low, heavy POMO day, light POMO day, more jobs, fewer jobs, doesn’t matter. They have a script and a roadmap and They are going to stick to it. Today is one of three examples of something moving huge and then reversing just as hard and just as fast also for no reason, in the past week.
Just find two points before the open that make a rising trendline and that’s your guide to where They will be all day long, that’s what “investing” is these days.