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.
Price action re-opened Sunday afternoon and continued to move sideways in the lower 1/3rd of the retracement from the Friday intraday lows. The 20MA consolidated sideways and slightly below the 200MA as momentum transitioned from the 2X top (i.e., M-pattern) from Friday’s price action and the previous multiple day mini market cycle phase 2. With minor resistance in overnight price action, momentum started to move lower heading into the pre-market and opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action initially moved higher and continued the mini market cycle phase 2 from pre-market. We waited for confirmation of follow thru and we took an ultra-aggressive entry LONG based on new intraday highs and price action went in our favor and we captured 2.0+ point.
Mini Market Cycles Analysis: