Friday's Trade Setup

The market continues to go down and most participants are taking profit.

Looks like the Wall Street passage, "sell in May and go away" is now on-going?

I guess that's what the chart shows (below).

In this no-brainer trade, sell in the open and cover in the close is the typical Wall Street modus operandi.

Friday's market activities is all about distribution.

The bulls are all on the run and the bears are celebrating in total pandemonium.

I suspect it will be the bears that will control the market in the days to come.

Unless the bulls can take more print money from Uncle Sam to buy the market, it might struggle further.

Let's see how the long term investors reaction.

As for traders, let's take all the opportunities that the market offers on a daily basis.

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.

NQ (QQQ) Wednesday Trade Setup

The market open below yesterday's open but recovered after an hour or so.

The bears run out of support and most participants revert to the bulls side and the market turn upside.

Shown is the 5-min. chart with the entry setup pointed in an arrow at the bottom.

Notice the big green candle with a long wick tail at the bottom showing the market is on the reverse mode.

Trade what you see as the saying goes.

Exit the trade before the close and enjoy your profit!

ES Setup Trade

The market made a tight consolidation today, and made a nice entry setup from this 5-min. chart.

Being patient in finding and waiting for a high probable setup can be a profitable trade.

Like this one!

QQQ (NQ) Short Trade Setup

The market tumble today and made a short quick entry from this 1-min. chart of NQ Futures similar to QQQ etf.

In this kind of market environment, applying quick trade is the only way to take the market offers.

The short entry was at the upper arrow and the cover position is at the lower when it tries to recover.

QQQ and NQ Trade Setup

Showing high probability trade today for the QQQ etf and the NQ Futures.

The market went up in the open but was not able to sustain its momentum

It runs out of gas in the mid day trading, probably traders take their loot before lunch and went on drinking spree early.

The best trade is to put a short position as shown from the arrow while traders went home already.

Exit the trade before the close and enjoy the leftover loot.

That's how in trading, even the big traders are out already you can still capitalize from their leftovers.

NQ Trade Setup

Early trade in the open can make you a good profit if you can capitalize on the price action.

Showing the 2-min. chart of the etf QQQ similar to the Nasdaq NQ futures the two trades.