Catching falling daggers is not good for your health

I know I know. Catching falling daggers is not good, but look at what we’re forming down here on S&P. It looks like we’re forming a bottom. If we can hold today’s low and move above 50% of yesterday the trend is dead and we should be looking to buy until we get near 1330. Then reassess. This might be the low of the year right here. If this is not the low of the year I would be looking for it in the next few weeks.