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.

During the normal trading hours yesterday, price action moved lower majority of the trading day in a mini market cycle phase 4 with a series of lower highs and lower lows before finding minor support at the intraday lows. After-hours momentum continued the retracement as price action crossed above the 20MA and then started to consolidate in overnight heading into the anticipation of economic news in pre-market. The 20MA continued to converge below the 200MA 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 initially moved lower below the opening bell and then reversed to move to new intraday highs. After finding minor resistance and forming an M-pattern, price action crossed below the neckline and transition to a mini market cycle phase 4 and align with congruency from the 30-minute charts. We patiently waited for confirmation of a lower high under the 20MA and below the neckline. We took an ultra-aggressive entry SHORT based on the 3-bar candlestick reversal pattern and price action went in our favor and we captured 1.0+ points profit.

Mini Market Cycles Analysis: