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.
On Friday, price action continued the strong momentum from Thursday in the mini market cycle phase 2 with a continuation of higher highs and higher lows. After-hours price action consolidated in the upper 1/3rd of the intraday range and once the markets re-open Sunday afternoon, we continued to see price action oscillate around the 20MA. The 20MA continued to be above and extended away from the 200MA.
Pre-market Economic news and reports…
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After the opening bell, price action reversed in an upward direction crossing back above the opening bell and continuing to move higher above the pre-market swing pivot highs and forming new intraday highs. We took an ultra-aggressive LONG based on new intraday highs and captured 2.0+ points profit.
Mini Market Cycles Analysis:
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