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 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.

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 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: