S&P 500 dip-buying setup?S&P 500SP:SPXFPMarketsKeep an eye on this technical setup; I watch it closely, and it has proven to have a good track record. As you can see from the charts below, the VIX has closed north of the upper Bollinger Band (set to 2 standard deviations), and the daily price of the S&P 500 recently formed an AB=CD pullback to 6,594. This technical confluence often delivers a dip-buying opportunity. Written by FP Markets Chief Market Analyst Aaron Hill