Just look at the 5min chart for today...
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Summary
What can be said today, other than 'urghh'. The moves in themselves are less than 1% swings, but still, its starting to really get annoying.
*as for the closing hour, who wants to hold across a 3 day weekend? Bears are highly susceptible to a Tuesday gap higher - ECB issues? , whilst bulls are going to have face a lack of QE until after the election.
Ugly market, and for many...an ugly August.
Stay tuned.