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 lower Sunday afternoon and immediately found minor support with a 2X bottom. Price action crossed above the 20MA and retraced back inside Friday’s intraday range and towards the 200MA with a mini market cycle phase 2 uptrend and a series of flag patterns heading into the pre-market and opening bell. From a birdseye view, we see a series of lower mini market cycle over multiple days confirming the downtrend.

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 crossed below the opening bell and started to show evidence of a mini market cycle phase 4 on the 1-minute charts with new intraday lows. We waited for confirmation of follow-thru and we took an ultra-aggressive entry SHORT based on the new intraday lows and price action went in our favor and we captured 2.0+ point.

Mini Market Cycles Analysis: