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