Presumably, from Victor Niederhoffer

2011-06-03 · Alston Mabry, Gary Rogan, Victor Niederhoffer
Original source

Presumably the Tues move up and the Wed move down in SP were triggered by fixed speculators with systems to buy the turn of the month.

Alston Mabry writes:

Well, you had the last day of the month a Tuesday right after a 3-day weekend…just before the first day of the month being a Wednesday…and 30 days from the end of QE2…with a spattering of bad economic news thrown in for good measure– what am I leaving out? Talk about needing a good system for combining your forecasts…..

Gary Rogan writes:

The House rejecting the debt limit increase? Last time (fall of '08) the spineless tried to grow a spine the language of the falling markets was used to explain to them the error of their ways.

MUST…SAVE…COUNTRY…MUST…PASS…DEBT…LIMIT