Intraday Update – Short Squeeze Accelerating

1:50 p.m. ET Well, it’s quite an anticlimactic rise into SPX 5,000. While yesterday the index came within 11 cents of 5,000, today it’s been more like $2.50 below 5,000 in a continuation of very flat trade. SPX (2m) and the 5k level VIX (+1.5%) displays modest elative strength, but VVIX has been catching my…