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.

Yesterday’s turned extremely bearish after the FOMC meeting and crossed below the 20MA and several prior swing pivot lows. With momentum moving lower, price action retested the prior day’s low area and found minor support heading into after-hours. Price action remained in the lower 1/3rd of the prior day’s range and slowly retraced 38% during pre-market and then immediately sold off and continued to move lower and crossed the prior day’s low. The 20MA continues to converge below the 200MA 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 slowly moved lower and we took an ultra-aggressive SHORT based on new intraday lows and captured 2.0+ points profit.  Price action found some minor support and retraced 100% back to the opening bell before rolling over and bearish momentum pushed it towards new intraday lows and we took another ultra-aggressive SHORT and scaled-out of partial position and captured 2.0+ points profit and held a small position for another 5.0+ points profit.    

Mini Market Cycles Analysis:

Market Recap & Trade Reviews and Discussions