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 re-opened Sunday afternoon and retraced off the prior swing pivot and the intraday low area from Friday. Price action crossed above the extended 20MA during overnight and remained in the lower 1/3rd of the prior day’s range before finding resistance and returning back below the 20MA with bearish momentum pushing price action below the prior day’s low heading into pre-market and the opening bell. The 20MA continued to below the 200MA as price action remained in a multiple day mini market cycle phase 4 downtrend with lower highs and lower lows.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action continued the multiple day mini market cycle phase 4 downtrend on the 1-minute charts. After price action rolled over and crossed below the opening bell, we patiently waited for confirmation of a lower high and new intraday lows and we took an ultra-aggressive SHORT entry based on new intraday lows. Price action slowly moved lower and we captured 6.0+ point profit in each trade.
Mini Market Cycles Analysis: