“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
24 May 2016
SP 500 and NDX Futures Daily Charts - Hair of the Dog
Stocks were bubbling up to the bar led by big cap tech and financials.
This looked like a 'technical trade', ie a lower volume short squeeze driven by algos.