buy the dip

I like the impulsive move down which coincided perfected with the breakdown on /ES and the rejection off the backtest after /NQ crept up the underside of the trendline overnight following the unimpulsive breakdown.
I am very much aware that the catalyst for the breakdowns was the one or more of the slew of economic reports at 8:30am EST today and so we’ll have to see how the market closes today to see of those sharp thrusts down will prove to be a knee-jerk reaction, with more buyers than sellers lurking in the shadows or if the breakdowns were the real deal. So far, they couldn’t look any better and sooner or later, one of these bearish technical setups on the indexes will play out to the measured or expected target & quite likely beyond. The ship is now listing to starboard very hard & will either swing back portside or risk capsizing soon….