I find it rather interesting to see the divergence that's going on between the SPX & the BPSPX.
Since Aug. 18th the SPX has been working its way higher while the BPSPX has continued to
decline as its been doing since July 27th and was even down yesterday in a strong up day.
The question becomes, how will this divergence work itself out? Will the SPX decline to get
in sync with the BPSPX or will the BPSPX go up to get in sync with the SPX? I have no clue.
This one of the reasons why I'm glad I'm a day trader and don't carry trades overnight.