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 continued to show bearish weakness yesterday during the after-hours trading activity once the markets re-opened after the observed Holiday. Price action catapulted lower immediately during the re-opening and remaining below the 20MA until it found minor support. The multiple day downtrend has moved significantly over 100+ points and continues to find higher lows as it heads towards potentially retesting the previous 2X bottom. Price is slight retracing back towards the 20MA heading into the pre-market and 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 continued the pre-market mini market cycle phase 4 downtrend with multiple 1-minute bearish candlesticks. After the immediate reversal, we patiently waited for the 1-minute charts to confirm momentum stalling with an M-pattern and moving back lower and towards the opening bell and we aggressively took a SHORT entry based on price closing below the opening bell. Momentum moved in our favor and we easily captured 6.0+ points profit. 

Mini Market Cycles Analysis: