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.
From a birds-eye view, price action continued the multiple day mini market cycle phase 2 from last week. Once price action re-opened Sunday afternoon, momentum started to find an upper boundary of resistance and retraced back inside the prior day’s range. The 20MA remained above the 200MA as they converge away from each other heading into the opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
Pre-market price action was in a mini market cycle phase 2, and we patiently waited for confirmation of higher low above the opening bell and we took an aggressive entry LONG, based on flag patterns breakout and we captured 2.0+ points profit.
Mini Market Cycles Analysis: