Intraday Market Rescue Team Most Active Since 2011

It appears that whenever downsides to The Fed's "wealth creation" mandate begin to appear, something strange happens in the stock market...

The frequency of v-shaped recoveris intraday in recent weeks has risen significantly. In an effort to quantify this, we measure the average rise from intraday lows to the cash close on the S&P 500...

h/t MacroMan

This admittedly  raw indicator does seem to peak every time we get a crisis occurrence - and is currently at its highest since the US downgrade in 2011 as it appears 'someone' is more than willing to lift stocks off the lows each and every day.

Of course, this is just crazy conspirascy talk.. correlation of events is not causation, but where there is manipulative smoke, we just there is NYFed (via Citadel) buying fire.