I SPY a market that has made a high

Basis the late October low, the RSquared for the SPY is .945. Has gone pretty much straight up from .84. If we get a print of 507 by Wednesday that would be a lower RSquared and perhaps indicative of a proper, possibly severe, break. This can also be seen as a 4:1 containment ratio basis early November. Either way, untenable. Should be an interesting week.