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.

From a birds-eye view, yesterday’s price action consolidated around the 20MA as it moved upwards continuing the mini market cycle phase 2 uptrend. Overnight price action formed another higher low as it consolidated around the 20MA and momentum continued higher crossing above the prior day’s high heading into pre-market and the opening bell. The 20MA continues to converge higher as it remains above 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 consolidated sideways and we waited for the normal first 30-minute reversal patterns to complete and price action started to oscillate around the opening bell with the 20MA below the 200MA. We patiently waited for confirmation of price action staying below the opening bell and took an aggressive SHORT setup based on a triangle pattern breakdown and new intraday low pattern. Price action quickly went in our favor and we captured 1.0+ point profit.  

Mini Market Cycles Analysis: