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.

Overnight price action consolidated inside the prior day’s range.

With price action continuing to be in a strong multiple day market cycle phase 2 uptrend, we continue to be cautious and watch for eventually evidence of weakness and using the market cycle analysis, transition to phase 3 and then phase 4.

Pre-market price action near prior day’s highs.

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

Explanation:

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Price action not showing good evidence of follow thru, so sitting on hands today.

Note: You will have access to the commentary details if you purchased the ES 5 Minute Strategy or Membership plans that include it.

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