“You do things and do things and nobody really has a clue.” ― John Updike, Rabbit, Run
Here is an intraday chart of the SPX analog I have been following since last week.
I believe it speaks for itself.
Considering where we are positioned on the calendar with the majority of money managers underperforming the indices by a wide margin – the prospects of a massive squeeze into the New Year is a very real possibility.
Underperforming the indices by 10%, rather than 5% is all the motivation they will need to blindly chase the market here.