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.
Yesterday’s price action initially after the opening bell, moved lower with the continuation of the mini market cycle phase 4 before finding minor support at the intraday lows area. After retesting the intraday lows area, momentum shifted and retraced 100% back towards the opening bell and continued slightly higher heading into the close. After-hours price action consolidated in the upper 1/3rd of the prior day’s range and consolidated around the 20MA which remained below the 200MA.
Pre-market Economic news and reports…
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After the opening bell, price action started to build some momentum and we waited for confirmation of a higher low and we took an ultra-aggressive LONG based on flag pattern breakout and captured 5.0+ points profit. Price action continued to indicate strong momentum and we took several more ultra-aggressive LONG setups based on new intraday highs and flag pattern breakout and captured 5.0+ points profit.
Mini Market Cycles Analysis:
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