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.

Price action continues to consolidate in a multiple day range with an upper boundary of resistance and the 2-day lower boundary of minor support. The 20MA continues to converge downwards below the 200MA as the markets try to find some direction. Yesterday price action formed a complete mini market cycle as overnight price action retested the previous 2-X bottom area.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

Pre-market price action indicated slight bullish momentum from the mini market cycle phase 2 uptrend and bounce off the overnight lows. Once price action reversed and closed with an ultra-aggressive flag pattern breakout, we patiently waited for more weight-of-evidence and confirmation of a higher low. We took an aggressive entry LONG based on the flag pattern breakout and price action went in our favor and we captured 1.0+ points profit.

Mini Market Cycles Analysis: