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.
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Economic News: Pre-market Economic news and reports…
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Price action re-opened Sunday afternoon and gapped down slightly after the multiple day mini market cycle phase 2 uptrend with higher highs and higher lows. Price action consolidated overnight and pre-market heading into the opening bell. The 20MA continued to converge above the 200MA.
After the opening bell, price action initially moved lower in a bearish downtrend with lower highs and lower lows.
We initially took an ultra-aggressive counter-trend trade SHORT based on new intraday lows and the opening bell crossover and we captured 2.0+ points profit.
Mini Market Cycles Analysis
Normally we go for at least $400 profit, but today was extremely choppy market conditions.
Why is $400+ the magic number every day?
Because with discipline and focus every day, you compound your profits and start making $2,000+ every week or $100,000 after 50+ weeks. So every day…follow us and start your journey towards making $400+ every day.