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Collection of spoofing and otherwise suspicious market behavior

  #4 (permalink)

Salt Lake City, Utah
Trading Experience: Beginner
Platform: Jigsaw, NinjaTrader8
Favorite Futures: ZB
Posts: 477 since Apr 2016
Thanks: 15 given, 439 received

This one is a little different as it isn't spoofing. Treasuries were trending down, and we saw some huge icebergs around the 119'010 level in ZN. Over 24k contracts traded there which might be the largest I've ever seen. Shortly afterwards the Chinese announced more tariffs against the United States. You can see the iceberg at about 0:33:00 in the video

This is not the first time I've seen this kind of trade just before China made such an announcement either. Now, I don't think this is considered nonpublic information, so it's not wrong to trade it. However it could fall under the umbrella of market manipulation. You have to wonder who it was. Was it just some businessman with good connections? Or perhaps China itself is involved?

Just a theory of course...

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