The SPY is stuck between Friday's low and Monday's gap open on no volume - and it is RUT rebalancing day! Also high beta is the place to be it seems today (IWM outperforming). And guess what - VWAP reversion wins, at least every 5 minutes or so.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhV3sWZO6_ppwmZn1mjj3ibqmptLz4GrlSAxQ-n_VGCavwWf_aNq64Wy-13ZPrk8xJHuHKyd0FCmhW-BJW1Nh6KrcSe9FId0YyJDLsXNG6XNdsnZlu_xS5AwZ-qJj4yydElJR4Teqzp8E/s400/SPY+6.26.09.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTekKrxcICz_HY1L1JxZD707PmwH-zP8BN7xZ9-vMTzRpvgjzR620j4vh4AS5Ib-f1Zy2xXkOdrazBBSwzTftsnznGhQweNWcCt-VoKYI3fktaTL6JKYAWk2D8N6BgO6r7ga0i7dYBDoI/s400/Beta+Comp+6.26.09.jpg)
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