Algos: Much Ado About Mnuchin

How sensitive are algos to quips from the White House on trade?  This is what sent futures soaring early this morning:

That tweet has been deleted.  This is what Mnuchin actually said:

S&P futures gave up 13 points on the correction, but are still up 9 points — loitering just above the SMA10 they tagged yesterday — mostly on an interim bounce in USDJPY.

Bears can take heart that VIX held a small TL of support. Though, this also sets up a potential buy signal in case equities have the temerity to decline a second day in a row.continued for members


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