20DMF vs SPX question

[bh_trade]

In looking at the most recent 20dmf chart it appears there has been respectable money inflows into spx. However, spx has languished at the lower end of its recent range. In looking at the 20dmf chart this hasn't happened in the past, at least not post Nov 2010. Am curious to hear Pascal's thoughts on this.

[Pascal]

In looking at the most recent 20dmf chart it appears there has been respectable money inflows into spx. However, spx has languished at the lower end of its recent range. In looking at the 20dmf chart this hasn't happened in the past, at least not post Nov 2010. Am curious to hear Pascal's thoughts on this.

There is really not much to say about it except for what I posted on the daily comments: large players are not selling. This is probably the reason why HFT managers have decided to squeeze shorts and bounce the market, helped by natural move to max-pain during options expiration.

I believe that this might be a fairly usual money making tactic.



Pascal