If we go up a little...we could go up a lot

CTAs - will they?

"Material" mechanical buying kicks in but only if we move substantially higher. Nothing really new, but latest projections via Goldman's flow gurus: "Flat tape: +$16B to buy...Up tape: +$146B to buy...Down tape: -$2Bto sell". Threshold levels are: st 3861, medium term 4036.

First trigger is some 6% higher...