First Dip Bought

After a strong rally like we had on Monday, there was never a dip of more than 1% from high to low, so when we finally got that sizable dip, the dip buyers ate it up and now the deficit which was as big as 20 points down is barely 6 points.  I am betting that the next time we dip 20 points, the market won't bounce back so quickly.  It makes the action a bit confusing at the moment, because there was a good buy entry point available if the market could go down a bit more to 1099 to fill the gap and also be helped by support at that level.  Now we are back to no man's land, but the bulls have Banana Ben working their corner on Tuesday.  I don't see the bears getting too aggressive until after the FOMC announcement.  Looks like the bulls dodged another bullet.