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.

Pre-Market Analysis:

LIVE Detail Chart Analysis and Reviews provided in ES LIVE with digital video and audio.

So we watched our ES 5 Minute Complete rules and Market Cycle Analysis conditions for evidence of setups from Candlestick analysis, chart formations and patterns and price action.

Yesterday during normal trading activity, price action formed a 2X bottom and found minor support as price action transitioned into a mini market cycle phase uptrend and started retracing from the previous mini market cycle phase 4. The 20MA converged toward the 200MA and crossed it during overnight trading. Momentum continued higher with an extended flag pattern overnight and retested the prior day’s high area heading into the pre-market and the opening bell.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

After the opening bell, price action continued the pre-market mini market cycle phase 2 uptrend and crossed above the pre-market high. With the confirmation of strong momentum, we aggressively took an ultra-aggressive LONG entry based on price closing above multiple swing pivot highs and the opening bell. Momentum moved in our favor and we easily captured 6.0+ points profit. 

Mini Market Cycles Analysis: