SPX ES SPY Plan for 11/2
Where Will We Buy the Dip?
Today was quite a wild day as it contained the biggest catalyst we could have had. FOMC? Absolutely not. The biggest catalyst for today was the Treasury Refunding Announcement and we precisely expected what happened.
From the 10/30 post:
Once the issuance today came in heavy on bills after the gross issuance had come in light overall on Monday, the market immediately ripped higher preserving yesterday’s breakout. I posted that it was a dovish issuance, and that price was bullish above 4198 so we were fully long biased today.
So where will be buy the dip and how far could this move run into the end of the year?