Update: Buying the Dips

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Our Lean — UPDATE

I tried to change the LEAN this morning to an “up” bias but it had already been posted.

I did sell the ES and NQ on the open and made money on both, but flipped to a long on the NQ — (Hence the lean this morning, which noted “I don’t think you can rule out bounce.”)

I can’t say 100% that the ES and NQ won’t reverse lower, but it feels like a “buy the 25 to 35 point pullbacks” kind of day. I think it’s a tough call to say the low in, but let’s see how the rest of the day plays out.

Disclaimer: Charts and analysis are for discussion and education purposes only. I am not a financial advisor, do not give financial advice and am not recommending the buying or selling of any security.

Remember: Not all setups will trigger. Not all setups will be profitable. Not all setups should be taken. These are simply the setups that I have put together for years on my own and what I watch as part of my own “game plan” coming into each day. Good luck!