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.
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Pre-market Economic news and reports…
Overnight price action for the ES Emini Futures consolidated slightly under the prior day’s highs and continued to move sideways heading into pre-market. After price action tested the upper boundary of yesterdays strong mini market cycle phase 2, a 3X top was formed and using the prior swing pivot area as the neckline, we see price action slowing breaking down and crossing below multiple prior swing pivot lows during the retracement.
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Immediately after the opening bell, price action consolidated sideways on the 1-minute charts in a very tight range with very little momentum for the majority of the first hour.
For ultra-aggressive traders, with price action consolidating on the 1-minute charts, there was NO aggressive trading opportunity with very small quick profits.
For traders focused on higher quality trading, similar to the ultra-aggressive trading activity, there were NO good opportunities for scalp trading for quick profits.
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