No better way to spike the market with no ETF flows than to gun ES volume. And we mean VOLUME. And the supreme irony: Goldman trader commentary -
"This rally seems futures driven. Over $9BN of ESH0 exposure has traded in the market place over the last 10 minutes. We have zero ETF flow on the move higher...just more of what we've seen over the past 2 weeks"
Yes Goldman, we agree. And you know better than most.