Wednesday, September 18, 2013

The Machines Win: Within Milliseconds, The Move Was Over

We hope everyone is enjpying the spoils of war from reading the FOMC statement and buying appropriately. Of course, as Nanex shows, unless your trigger finger hit that big green button within a millisecond or so, you missed the entire move...

Via Nanex,
Market reaction to the FOMC news was instant. Within a thousandth of a second, the move was already over. What any human saw was like reading yesterdays newspaper.
1. SPY Showing Trades color coded by exchange. This is 150 milliseconds of time.

2. December 2013 eMini (ES) Futures trades.

3. SPY Showing Trades color coded by exchange. Zooming out to 1 second of time.

4. December 2013 eMini (ES) Futures trades. Zooming out to 1 second of time.

5. SPY Showing bids and asks color coded by exchange.







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