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.
From a birdseye view, price action continues to retrace off the prior day’s low yesterday and found minor resistance at the intraday highs area. Overnight price action continued to move slightly lower with a series of lower highs and lower lows inside the prior day’s range. The 20MA remained above the 200MA as they started to converge towards each other. Minor support is holding the markets up 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 was very choppy and volatile before a significant reversal of momentum with price action crossing back above the opening bell and we patiently waited for confirmation of a higher low and candlestick reversal pattern and took an aggressive LONG flag pattern break out multiple times. Momentum went in our favor and we captured 2.0+ points profit for each flag pattern.
Mini Market Cycles Analysis: