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.

Overnight price action continued to slightly move lower after the markets re-opened Sunday afternoon. With price action finding some minor support and retesting the area in pre-market, momentum continues to look short-term bearish. The 20MA has converged lower and away from the 200MA heading into pre-market and the opening bell.

Price action continued to break prior day lows as a part of the extended flag pattern on the daily charts.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

 

Explanation:

Price action initially was very choppy and oscillating in pre-market. We waited patiently for more weight of evidence after the opening bell and took and ultra-aggressive LONG 2-bar reversal setup. We micro-managed the trade and took 2.0+ points profit, and once we had confirmation of the bullish intraday momentum, we took another LONG flag pattern breakout and micro-managed the trade for 10+ points profit.    

Duration: 15+ minutes

For ultra-aggressive traders, during the first-hour session, there were at least 3 aggressive entries that could lead to quick small profits.

For traders focused on higher quality trading, there were at least 2 good candlestick or chart pattern setups for quick profits.

Extra Trades:

 

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