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.
Similar to yesterday, overnight price action continued to remain slightly near the intraday lows after a huge sell-off during normal trading hours. With price action finding minor support during after hours and forming an ascending flag pattern, we clearly see the 20MA converging below the 200MA as we moved dramatically lower. Pre-market price action retested the minor support with a 2X bottom.
Volatility continues to be extremely high with excessive intraday ranges.
Pre-market Economic news and reports…
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For ultra-aggressive traders, during the first-hour session, there were at no aggressive entries that could lead to quick small profits.
For traders focused on higher quality trading, there were no good candlestick or chart pattern setups for quick profits.
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