1. I guess this fat tail maybe more strong than 2004's(more hard to squeeze bears)
2. start from 1200, spx may do an expanding triange way to reach 1250(not sure)
3. do not short index now, wait the best timing.
YMYD...
BXZL...
I believe, I believe...
For CPC data, I remember that Cobra mentioned normalized data is more reliable.
IF we keep go up here like 2004, all the divergence will be gone.