SPY - the VERY long view

Monthly rsquared basis the 2009 low topped last month at .936 and has ebbed slightly since. From this level a declining rsquared is definitely something to take note of. Similar levels and behavior in 2000 and 2008 rsquared topping at .97 and .95. Basis the November low, daily rsquared is 0.95048. This is a very slight dip from Thursday. But again a dip of any kind from this level is not to be ignored. Will April be the cruelest month? Will we sell in May and run away?