The cult stocks just get rotated to keep the squeeze intact at the index level.  Technicals don't matter so much, they just have to keep rotating as one name or a group becomes to crazy to maintain (like semis recently).  It's easy to get the cult names like TSLA in motion - takes less capital because once they get it in motion because the degens are watching and waiting for a small group of names and lose their sh*t when it finally starts moving, and start pumping the out of the money calls. I've been mulling how they signal the group for rotation without risking breaking any laws. It could be something as simple as a block trade posted at the exact same time each day with certain characteristics...and then maybe increment the time algorithmically by a few fractions of a second each trading day to avoid detection (that's essentially how the crypto codes change in the military).