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 continued to move sideways in after-hours as momentum stalled with an upper boundary of resistance from the 2X top during normal trading hours. The 20MA is converging sideways with very a very little uptrend heading into pre-market and the opening bell. With a multiple day mini market cycle phase 2 uptrend, additional weight-of-evidence is needed to see if price action will continue or transition to the next market cycle phase.

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 initially moved lower below the opening bell and then retraced back forming a lower high. Momentum continued lower as it remained below the opening bell and we waited for confirmation of follow thru and we took an ultra-aggressive entry SHORT and price action went in our favor and we captured 2.0+ point.

Mini Market Cycles Analysis: