Volume Disappears, Algos In Control, Market Green As Europe Closes

5 minutes before the European close, market volume becomes dismal, algos take over and take the market goes green, even as the EURUSD takes out 1.27 to the downside, and as stocks have completely decoupled from EURJPY. Once again, with computers firmly in charge, the old trading patterns are back, and will likely draw the market higher, higher, higher until the next time the market goes bidless and drops 30% in 1 minute.

EURJPY decoupling