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:

Detail Chart Analysis and Reviews provided in new & improved video format with audio.

Economic News:

Pre-market Economic news and reports…

 

Explanation:

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.

Overnight price action for the ES Emini Futures started to form lower highs and lower lows heading into pre-market and the opening bell. With the confirmation of multiple flag patterns, we have transitioned to a mini market cycle phase 4. Price action found some minor support before rallying off the lows in pre-market. However, the swing pivot from the flag pattern still provides evidence of a downtrend.

After the opening bell markets very choppy with lots of consolidation.  Decided to sit on hands this morning.

Note: 20 Sessions can be scheduled over multiple weeks or months.

Price action continued to be choppy with no direction.

For ultra-aggressive traders, no setup opportunities this morning.

For traders focused on higher quality trading, no quality setups this morning session.

Duration: none

Extra Trades:

5-Next

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