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 before the opening, price action consolidated in pre-market and drastically turned bearish after crossing below the 20MA. Momentum immediately pushed price action below the opening bell and the markets continued to selloff with weakness in a mini market cycle phase 4 as price action remained below the 20MA the entire time during normal trading activity. The 20MA continued to converge away from the 200MA. The current overnight price action found minor support and oscillated around the 20MA and the prior day’s low before retracing in pre-market after a 2X bottom and 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, volatility was extreme on the 1-minute charts (i.e., any setups require HUGE stops) and we decided to sit on hands this morning. Focusing on higher timeframes provide very little improvements in the quality of setups and volatility.

Mini Market Cycles Analysis: