$SPX - Chart Link- bounced near the 20 MA, remember last night I discussed the momentum uptrend with the 60 Stochastic embedded strongly above 80%, it's over 90% still. In times like those many times you get quick dips that are bought, when the faster indicators like a 2 RSI, 4 Stochastic, 5 Williams % indicators get oversold. 

basically when the 60 length stochastic is over 80% and over 90% especially tends to be buying opportunities when those fast indicators recycle. The condition goes away when 60 Stocahstics falls back below 80% of course