UPDATE – Rotation Continues

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Our Lean – Update

We were right about selling the early rallies/gap up. The rotation out of tech and the Nasdaq is picking up steam today.

The ES made a high at 5527.50 just traded down to 5465.50, down almost -0.65%. The NQ made a high at 19,319.75 and just traded down to 18,976, down -1.15%.

Today is a combination of T+1, end-of-the-month selling and the Nasdaq rotation colliding. I think we will see a bounce, but the stock market acts heavy and the stats for tomorrow are not good either.

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!