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, price action continued the multiple day mini market cycle phase 2 uptrend with a series of flag patterns and higher highs and higher lows.  Price action re-opened Sunday afternoon and oscillated around the 20MA. Momentum continued to push price action higher towards the prior day highs overnight and heading into the opening bell. The 20MA continued to converge upwards away from the 200MA. A significant upper boundary of resistance is just above the pre-market price action.

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 opened and oscillated around the opening bell and the 20MA. With the market conditions very unfavorable, we decided to only pursue 1.0+ point targets this morning. Price action initially moved lower below the opening bell and then reversed back up above the 20MA and the opening bell. We took an aggressive LONG entry after 3-bar reversal and we captured 1.0+ point profit.  

Mini Market Cycles Analysis: