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.

From a birds-eye view, price action crossed below the lower boundary of the multiple day triangle pattern and continued the mini market cycle phase 4 downtrend in yesterday’s pre-market and after the opening bell.  Momentum found minor support at the intraday lows area and retested the intraday low’s area forming a W-pattern and mini market cycle phase 1. With the change in momentum, price action retraced above the neckline and continued the new mini market cycle phase 2 uptrend while converging around the 20MA and crossing above the prior day’s high in after-hours. Overnight price action continued the with higher highs and higher lows heading into the opening bell. The 20MA crossed above the 200MA as momentum continues the mini market cycle phase 2.

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 mini market cycle phase 2 from pre-market. The 30-minute chart had flag pattern heading into the opening bell and immediately after the open, price action broke the upper boundary of the flag pattern and with new intraday highs, we took an aggressive LONG entry after new intraday highs and we captured 2.0+ point profit.  

Mini Market Cycles Analysis: