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.
Price action gapped up Sunday afternoon after the markets reopen and continued to consolidate inside the prior day’s price action and the multiple day triangle pattern. With a strong upper boundary of resistance, the markets continue to attempt to move higher and fail. The 20MA is slightly converging above the 200MA as price action is struggling to find direction.
Pre-market Economic news and reports…
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With the upper boundary of resistance, price action continues to repeat rolling over. Momentum started to move lower below the opening bell and we took and ultra-aggressive SHORT entries based on new intraday lows. Once price action went in our favor, took 2.0+ points profit.
Duration: 3+ minutes
For ultra-aggressive traders, during the first-hour session, there were 2+ quality ultra-aggressive entries that could lead to quick small profits.
For traders focused on higher quality trading, there were 1 good candlestick or chart pattern setups for quick profits.
Mini Market Cycles Analysis:
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