'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Thursday, May 3, 2012

NQ (QQQ) Thursday Trade Setup

The market went down today and shows some selling pressure.

It stays sideways after the selling pressure from the open and went down hard as show from this 5-min. chart.

Sell short is the trade of the day as shown from the top arrow with the cover below.