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 consolidated in the upper 1/3rd of the previous intraday range as momentum continued the multiple day mini market cycle phase 2 uptrend and tested the prior day’s high area.  The 20MA continues to move methodically above the 200MA heading into the pre-market and opening bell.

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 consolidated in a triangle chart pattern and then broke down below the support area with momentum towards new intraday lows. We patiently waited for confirmation of a lower high below the opening bell and then we aggressively took a SHORT entry based on a flag pattern break down. Momentum moved in our favor and we easily captured 2.0+ points profit. 

Mini Market Cycles Analysis: