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’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.

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 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:

Market Recap & Trade Reviews and Discussions