This commentary will focus on the first 60-90 minutes after the Opening Bell. However, our strategies can and will provide setups the entire trading day.
The Easiest Way To prepare for Scalp Trading the ES E-Mini Futures.
Price action consolidated around the prior day high area during after-hours and overnight. Momentum formed a 2X-top and price action started to show bearish weakness heading into pre-market and the opening bell as price action retraced back downward towards the ascending trendline and the prior day’s high area. The 20MA was slightly below the 200MA heading into pre-market and opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action aggressively continued the pre-market mini market cycle phase 4 downtrend on the 1-minute charts. After price action crossed below the prior swing pivot lows and crossed below the ascending trendline, we took an ultra-aggressive SHORT entry based on new intraday lows. Price action slowly moved lower and we captured 2.0+ point profit.
Mini Market Cycles Analysis: