This shrunk analogy looks decent, prolly the most bullish
case scenario. If the model plays out, after a 10% ramp, Spoos will retest 1960 by September's witching. Current continuation H&S inv
has just b/o the neck as despite the tapering, the 10y yields jaws, the fixing scandals, despite the tensions with Russia, despite the margin debt shrinking, despite the blame-it-on-the-weather-farce or even HFT
, the daily wealth-effect is still there.