This Is What Happens When The 'Unrigged' Market Breaks

It appears Rule 575 is having an impact today. Quietly this morning, CBOE traders were told at 1027ET that the S&P 500 index was "currently unavailable for trading." As the following chart shows, this halted a drop in the market and instantly enabled a levitation to near the day's highs. Unrigged?

 

This happens...

 

 

And then this happens...

 

It appears Rule 575 is really messing things up for the high-beta chasers...


Comments

No comments yet! Be the first to add yours.