I think that while we unlikely see the FUNDS build the type of short position we saw grow throughout the year, culminating with Septembers record short, they do have room to add.
The question remains , how much are they willing to sell? Other factors of course come into play, ie. positioning across other markets as we head into 2019.
For now, a nice bounce, and now a steady feel. In the end, we have gone nowhere
(currently +.25) and experience a noisy Tuesday morning for now. Steady as I post.
10870 seem like the first target to the upside.