Is SPX Coiling For Another Breakout? August 10th Plan

NOTE: This is a resend of the newsletter for Monday August 10th, originally sent Friday at 4pm, for those who did not receive. 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 last Wednesday after FOMC. This was a particularly large dip (over 100 points in a…