Drifting up on low volumes in a gentle ongoing short squeeze.
These types of markets typically run into a hard event and crumple. The timing may be problematic for the punters, and so the gentle short squeeze is fed daily.
The equity market commentary on the US financial news networks would make Baghdad Bob blush. I think the wiseguys are getting a little nervous because mom and pop seem to be sitting this one out.
SP 500
NDX
"Some people see God as they see a cow, and love Him as they love a cow — for the milk and cheese, and the profit it brings. This is how it is with people who love God for the sake of worldly possessions or inward comfort. They do not truly love God when they love Him for their own advantage. The eye through which I see God is the same eye through which God sees me; my eye and God's eye are one eye — one seeing, one knowing, one love.”
Meister Eckhart, Predigten und Traktate