“Buy the dip” has been a mantra in the markets for quite some time. And traditionally it applies to patterns playing out over days, weeks, or even months. This week, however, it applies to anything intraday. The SPY, QQQ, and many of the equities that make them up have spent the last two sessions dipping heavily in the morning, only to rally into the afternoon. On the surface this would seem bullish, and yet Tuesday’s rally was weaker than Monday’s. In addition, market internals like ADD, TICKS, and Volatility point to a chance of further decline. Stay Tuned!