Today marks the second huge down day of the week. So we had a huge down day Tuesday with a big up day Wednesday, and everyone thought it would be fine. Buy the small dip has worked for months, but is this different......
Probably, as it could be a bull trap, accompanied by interest rates ticking up, shear panic is setting in, and the more we go down, the more people are forced to unwind margin. So I am going to make the call.
SPY GOING TO 350 in the next 3 months
Proof in the Charts.