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 oscillated in the lower 1/3rd of the previous intraday range as momentum continued the multiple day mini market cycle phase 4 after the breakdown of the support area (i.e., orange consolidation area).  The 20MA continues to move methodically lower as it remains below the 200MA heading into the pre-market and 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 was extremely choppy with overlapping candlestick bars and extreme volatility. We decided to sit on hands during the first hour and wait for more weight-of-evidence and confirmation of better market conditions.

Mini Market Cycles Analysis: