There was nothing to trigger the algos.
Also this macro context is difficult to decipher, and by that I mean are the central banks really going to pull their market guarantee. So we will have plenty of Fed speak over the next several days as they try to convince the market that "there's nothing to see hear, move along".
I have been using the spiked punch bowl analogy for Fed policy. They cut way back on the bourbon, but the wine, sake and maotai havn't been. Now they are starting to reduce as well and to make it worse the Fed is talking about sending the band home. So I think all the talk is critical if you were trying to figure out when the last dance will be at this party.
Dudley at 12:15 at Princeton Club
Bullard Sunday at 11:05 Melbourne Australia
Yellen Monday 4:10 Live Broadcast Discussion with Ford Policy School Dean, Univ Michigan
So Fed is broadcasting the discussion and Chair Yellen will respond to tweets from the public. Could make for another wild night of trading if you play the futures and don't need sleep.