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 continued the multiple day mini market cycle phase 2 with higher highs and higher lows. Momentum continued to cross above prior day highs as price action converged with the 20MA remaining strongly above the 200MA. Pre-market price action retraced off the overnight highs in a flag pattern and remained in the upper 1/3rd of the Fibonacci retracement of the initial move.

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 continued to move towards new intraday highs as momentum shifted to a mini market cycle phase 2 on the 1-minute charts. We waited for confirmation of the higher swing pivot low and flag pattern breakout. We took an aggressive LONG entry and micro-managed the trade for 2.0+ points profit.      

Mini Market Cycles Analysis: