If this is still valid then I would expect the DXY might pullback once/if it reaches 77.40'ish. I am also watchng the Nikkei to see if it holds 10k or not. However, I could see it moving back towards 10,300 simply as a retracement first.
One thing I can assure you is there will be a select few computers firmly in control of the market. If program and HFT trading account for 70% of the volume how can that "force" be "opposed"? Here are a few statistics off the top of my head I would like to see broken down by MM, SLP, HFT, etc...:
- Total Volume
- Total Volume from program trades
- Total Volume program to program trades
- Buy Side / Sell side transactions and their respective average holding period
- Orders submitted and orders filled
- Overnight risk
These I would really like to see for the SLP program...Specifically SLP to SLP transactions.
