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 consolidated sideways around the 20MA. With momentum being in a multiple day mini market cycle phase 4, the Emini futures continue to have a series of lower highs and lower lows. The 20MA continues to converge downward below the 200MA. Overnight price action retraced in a triangle chart pattern in pre-market and heading into 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 consolidated around the opening bell before forming a slightly higher low above the opening bell. Momentum moved to new intraday highs and then formed a flag pattern before breaking to new intraday highs. We patiently waited for confirmation of a higher low above the 20MA. We took an ultra-aggressive entry LONG based on the flag pattern breakout and price action went in our favor and we captured 1.0+ points profit.

Mini Market Cycles Analysis: