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 consolidated sideways overnight as the 20MA converged towards the 200MA. Momentum continues to oscillate inside the upper 1/3rd of the prior day’s range with the multiple day mini market cycle phase 2 uptrend with higher highs and higher lows. Price action very flat heading into the pre-market and opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action aggressively continued the pre-market mini market cycle phase 2 up on the 1-minute charts. After price action crossed above the prior swing pivot highs, we took an ultra-aggressive LONG entry based on new intraday highs. Price action slowly moved higher and we captured 2.0+ point profit.
Mini Market Cycles Analysis: