Dip Buy at 116

Dip Buy at 116

SPY is set to gap down and open ~116.3. SPY may trade as low as ~115.3 today before bouncing back. I would wait for SPY to drop to 115.3 before going long if SPY has an hourly close below 116. On the upside 117.5 is still the target and I expect SPY to at least close the gap by climbing to 116.65.

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