Will they buy the dip again?
Year-to-date S&P 500 has not experienced a pullback deeper than 5% let alone any meaningful correction. The investors seemed to have been conditioned to buy a quick dip and so far have been rewarded for that. Every time the 
SPX tested the 50-day Moving Average (orange line) it bounced right back up posting new ATH within few trading sessions. So far YTD we've experienced this 8 times. After strong selloff from last week and 4 down days in a row, will this pattern repeat, or will the "September seasonal doom&gloom" give us a true correction?
SPX tested the 50-day Moving Average (orange line) it bounced right back up posting new ATH within few trading sessions. So far YTD we've experienced this 8 times. After strong selloff from last week and 4 down days in a row, will this pattern repeat, or will the "September seasonal doom&gloom" give us a true correction?
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