SPY has bottom

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It seems that SPY             has formed a bottom. Looking at this 60 mins chart in conjunction with the 5 mins chart, SPY             was chopping around this morning but has established what I believe is a bottom for now. My assumption continues to be that the overall markets will move up in to the end of this week. The dip we saw this morning was an excellent opportunity to pick up some options trades that expiry at the end of this week.
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