The final trading period from 3:15 PM to 3:30 PM. Known for forced exits, volatility spikes, and margin-driven closing moves.
The final trading period often displays heightened volatility as day traders exit positions and overnight traders establish new ones. This period frequently shows exaggerated moves that may not reflect genuine auction discovery. Caution is warranted during M period, particularly when entering new positions, as liquidity may be reduced and price movement more erratic than during regular session hours.