First Dip

Remember, when we've had a straight uptrend for 3 weeks, the first signficant dip usually gets bought.  This is the biggest intraday down move we've have since the bottom on March 16.  There are a ton of dip buyers lining up to buy weakness because they haven't had the chance to get in.

I would not try to play it short today, if anything, I'd be an intraday buyer. But since my intermediate term view is down, I will not be playing it long today except for very quick scalps.