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 found some minor resistance slight above the prior day’s high and after multiple attempts and a 2X top, momentum crossed below the 20MA and back below the prior day’s high into the prior day’s range with a series of lower highs and lower lows in a mini market cycle phase 4. Price action continued in after-hours lower and crossed below the prior day’s low before finding minor support heading into the pre-market and opening bell. Price action has retraced back towards the 20MA 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 moved slightly lower below the 20MA after a 2X top in pre-market, and one we had confirmation of a lower high, we took several aggressive SHORT entries based on breakdowns and flag patterns. Price action slowly moved in our favor and we captured 2.0+ points profit on multiple trades.          

Mini Market Cycles Analysis: