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 Sunday afternoon and consolidated inside the prior day’s range with slight descending downtrend and oscillating around the 20MA. From a birdeye view, price action has found minor support and formed a multiple day base of support with multiple 2X bottoms. The 20MA is below the 200MA and flattening as price action starts to slightly move higher 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 continued the multiple day’s high volatility, so we have to use bigger stops to stay in the trades. Price action aggressively moved lower in a triangle pattern on the 1-minute charts before forming a lower high and new intraday lows. We took an ultra-aggressive entry SHORT based on new intraday lows and price action went in our favor and we captured multiple profits of at least 4.0+ point.

Mini Market Cycles Analysis: