if you notice 1263 high on spx and 62 on es,that could indicate that there is a huge seller at 62,could also indicate extreme bearish sentiment,which is bullish.pure opinion here but if the hedgies are in trouble they are making a lot of smaller money back with these upmoves into over bearish sentiment (jan,mar,july)and they should continue until some new bad news comes in to add another straw to the camels back,until that next straw comes in,we seem to be able to weather the present storm,boat is still floating