Friday's Market Conclusion

Shown is the 5-min. chart from QQQ (NQ Futures) that was concluded last Friday's market.

It was the typical buy in the open and sell in the close.

Friday's Market Action

Today's market made a bounced from yesterday's deep hole.

Buying at the open is the most probable entry.

Time To Exit

Time to exit the trade, it starts to run out of gas.

Still On The Way Up

The market is still going up...

Buy In The Open

The market gap up today due to positive news.

For trade today, buy in the open and see/monitor to sell possibly in the close.

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.

Friday's Market Action

The market gap down hard in the open due to negative jobless report.

Not a good sign on the first day of the month of June.

To trade the Friday's market is to short in the open and cover in (or before) the close.

Trading the market last Friday needs to analyze on a multiple time frame.

If you are trading on a shorter time frame (1-min.), you will possibly get chopped.