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.

Overnight price action moved continued to move slightly higher and retesting the upper boundary of resistance from the daily charts from the last several months. After finding minor resistance, momentum crossed below the 20MA and continued lower back below the prior day’s high inside the prior day’s range. Price action then found minor support and retraced off of the pre-market lows in a flag pattern back towards the 20MA heading into 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 reversed and moved lower inside the prior day’s range. After confirmation of a lower high below the opening bell, we took an aggressive entry SHORT and as the price went in our favor, we captured 2.0 points profit. After momentum reversed 100% and crossed above the 20MA we waited for confirmation of a higher low and we took an aggressive new intraday high set LONG. Price action slowly went in our favor and we captured 2.0+ points profit.          

Mini Market Cycles Analysis: