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.

Overnight price action and momentum continued to show strength by consolidating near prior day’s highs.

Pre-Market Price action also consolidating but above the prior day’s highs with higher swing pivots.

So we watched our ES 5 Minute Complete rules and Market Cycle Analysis conditions for more evidence of setups from Candlestick analysis, chart formations and patterns and price action.

Explanation:

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With price action already above the prior day’s high, we get a breakout above prior swing pivots for a setup LONG and after managing it carefully, we closed the trade with 4+ points profit. 

If you continue to manage the trade carefully, you could easily get more profits!

Note: You will have access to the commentary details if you purchased the ES 5 Minute Strategy or Membership plans that include it.

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