The bulls fell of their rockers today, but as has been seen many times more in the past, the dip buyers tend to come in and save the day at the last second.
So obviously, that is what I am looking for here today. Getting short at the open didn’t have a good risk reward setup to it, as you would have had to of been short before Friday’s close for that trade to have made sense, and it only made sense after the fact.
But with SPX down over 50 points this morning, there is now a base forming, and we may see the dip buyers rally the market off the lows before too long.
If that happens, you will want to focus on the stocks in the list here: