FEW REMAINING BEARS ARE BEING SHOT!
More people that are shorting the market in the near term are being forced to immediately cover once their narrow stop losses were triggered.
As JPM's Prime Broker Service showed last week, the amount of short covering just hit a YTD high.
As of this week, the short interest in the SP& is back to level seen just before the last financial crisis...
... which means that what few bears remained in this market have now been flushed?