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 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.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
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: