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

Monday, June 4, 2012

Monday's Market Action


The market drops down today and stay most of the trading day consolidating below from the previous close.

Lots of negative sentiments in the market coming from different directions.

The market made a consolidated reversal couple of hours before the close.

The only viable setups I can spot is from the lower arrow as pointed.

The MA's already sloping upwards.