SPX Is Coiling Tighter And Tighter. Another Trend Coming? August 11th Plan

As readers know, the theme for the past several months has been buy dips. The dips vary in size, speed, duration, structure, but they all resolve the same: They get bought. We saw this Wednesday July 29th after FOMC. This was a particularly large dip (over 100 points in a little over an hour), and as a result it would mean the dip buy would be particularly large. It was and we’ve ripped 400+…