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 consolidated sideways on Friday during the normal trading hours and then started to form a series of higher swing pivot lows. With price action probing above the neckline of the Phase 1, once we see confirmation of the higher highs and higher lows, price action will have a transition to an uptrend. The 20MA continued to converge towards the 200MA as price action attempted to move slightly higher.
Pre-market Economic news and reports…
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For ultra-aggressive traders, during the first-hour session, there were no aggressive entries that could lead to quick small profits.
For traders focused on higher quality trading, there were no good candlestick or chart pattern setups for quick profits.
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