What you see here is pure market manipulation by a government, namely ours. In this case, it was done by our President. On Friday May 31st he announces tariffs on goods coming from Mexico because of the border ‘crisis.’ Then he announces over the weekend that they came to terms and the tariffs were canceled. THEN we find out it was all bullshit (see @ 1:30 min).
In the old days this type of market manipulation was done covertly or with some legitimate sounding cause, but this was brazenly done in the open. I hope you guys caught this because it would’ve been a beautiful trade for the long side for less than a week’s work.