Is The Current Dip All Bears Will Get In SPX? August 20th 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. This is despite the fact after every dip, we get the standard “world is ending” calls. We saw this Wednesday July 29th after FOMC and it started this macro leg up. This was a particularly large dip (over 100 points in a little…