Shorters Are Working Very Hard ...to push the SP down. The latest short data report, released today, indicates almost 27% of all trades in the first half of NOV/19 were short sales. At least that's my understanding. Similar data for the other LPs as well.
Seems to me that those shorts will have to cover their positions at some time, and there should be a fairly significant move upwards when that happens, perhaps in the New Year, after short-loss selling for tax purposes winds down. I expect to see some irrational SP behaviour in the meantime, both up and down as we have been seeing today. I'm keeping my seatbelt fastened, and trying not to trade based on emotion.