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 continued the multiple day mini market cycle phase 2 uptrend with price action converging higher and oscillating around the 20MA. After retesting the prior resistance area overnight, price action probed a little higher heading into the pre-market and opening bell. The 20MA continues to be above the 200MA as they both move higher.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action continued the mini market cycle phase 2 from pre-market and we patiently waited for a flag pattern breakout and took an aggressive LONG entry. Price action slowly moved in our favor and we took 2.0+ points profit.
Mini Market Cycles Analysis: