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 moved lower in the late day session yesterday and complete a mini market cycle phase 4 downtrend before heading into after-hours. After-hours momentum continued to move in a mini market cycle phase 4 with lower highs and lower lows as price action remained below the 20MA and crossed below the previous support area near the previous W-pattern lows. The 20MA converged lower below the 200MA as price action retraced upwards in pre-market 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, price action moved lower and started to indicate bearish evidence. We waited for confirmation of a lower high under the 20MA and below the opening bell. We took an ultra-aggressive entry LONG based on the prior-bar high breakout and price action went in our favor and we captured 1.0+ points profit.

Mini Market Cycles Analysis: