Overnight Spike Trade in the E-mini S&P and NASDAQ 100
Last night in the e-mini S&P 500 and the NASDAQ 100 futures contracts, there was a spike trade. The 5-minute bar chart shows the volume in the 20-point move came in at over 10,000 contracts for the S&P 500. No one has yet been able to explain the trade.The TradeFlow view shows big buying coming in at one point.
This situation is a very rare occurrence, but does illustrate that if you choose to leave resting orders in the market unattended, there is a risk of an even like this occurring.