It's some sort of manipulation of the market. Wish I'd been quick enough to ride some stocks up with them. You could set a lot of limit buys of lots of different stocks in a situation like that. And most would have triggered.
It would be nice to know who drove it up. A few like me looking for breaks, institutional buyers. Institutional buyers must have set stops or something. It doesn't make sense to sell at a loss then have things turn around so fast. It was probably shorts driving it down. I haven't played any yet. Color me stupid lol.
Zero Hedge and some others have used the “3:30 Ramp, LLC” name for a while. Primarily as a moniker for the Fed’s POMO.