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.

Sunday afternoon, price action re-open and gapped significantly above multiple prior swing pivot highs. With the sudden change in price action, the breakdown in the multiple day flag pattern becomes a failed pattern showing the path of least resistance for momentum is heading in the uptrend direction. The 20MA now converges slightly upwards above the 200MA and with price action consolidating during overnight, additional evidence will be need during the pre-market and after the opening bell to see if momentum sustains.

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 immediately moves higher with the continuation of the pre-market mini market cycle phase 2. We patiently waited for confirmation of a higher low and price action breaking to new intraday highs and took an aggressive LONG setup. Momentum went in our favor and we captured 2.0+ points profit.      

Mini Market Cycles Analysis: