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.

Price action re-opened Sunday afternoon and continued the multiple day mini market cycle phase 4 with a lower intraday high from Friday. Momentum continued to slowly move lower with price action retesting the intraday lows from Friday in after hours and heading into the pre-market and opening bell.  The 20MA continued to converge below the 200MA as both pointed downwards.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

After the opening bell, price action initially moved lower and continued the pre-market mini market cycle phase 4 before finding some minor support at the intraday lows and reversing back towards the opening bell. After crossing above the 20MA and confirmation of a higher low, we took an aggressive LONG entry. Price action slowly moved in our favor and we captured 1.0+ points profit.          

Mini Market Cycles Analysis: