Somebody stepped in at 9:40 AM & bought 1.2 million @ 6.10 to 6.14
At 9:37 AM, coincidentally, over on RSP, the biggest trade of the day (and bear in mind that its 1 hour before close right now.
there was no corresponding volume in the SPY but at 9:46 AM, the SPY did a hammer, but it was on mow volume.
I point all this out because often, the VTI & RSP show volume at more or less the same time as a volume event in the TVIX or the XIV. And I always check the SPY too to see if the volume in the TVIX is reflected or preceeded anywhere else. this time, it was in the RSP.
I'm not sure how it all hangs together but I've been watching these several symbols as a group because there is some kind of correspondence in the set of symbols having something to do with the S&P 500.
Imperial Whazoo