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 reopened on Sunday afternoon after the holiday and continued the multiple day consolidation on low volume. With the sideways price action, momentum found minor support and eventually crossed above the prior day’s high with the 20MA starting to move upwards above the 200MA. Price action retraced off the overnight highs with a flag pattern heading into pre-market and the 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 sideways and then built momentum to push higher towards new intraday highs after closing above the 20MA and the swing pivot high. We waited for the 1-minute charts to confirm momentum above the opening bell and we aggressively took a LONG entry based on an new intraday highs. Momentum moved in our favor and we easily captured 2.0+ points profit. 

Mini Market Cycles Analysis: