SPY dumped to $552.20 which is shockingly **9.99%** low from the ATH. It quickly shot up to $563 moments after.
Putting on my tin foil hat, what do you think caused the rebound? Influx of buy limit orders triggering? Manipulation to avoid news headlines stating "S&P enters correction territory"? Was there even a motive at all, or was it just a huge coincidence?