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:

Detail Chart Analysis and Reviews provided in new & improved video format with audio.

Economic News:

Pre-market Economic news and reports…

 

Explanation:

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.

ES Emini Futures overnight price action continued to consolidate inside the prior day’s range and finding similar areas of upper boundaries of resistance. Pre-market price action abruptly started moving lower and testing the prior day’s low heading into the opening bell. From a birds-eye view, we have created a 2X top where price action has potentially formed an M-pattern (i.e., Double Top) and we will wait for confirmation of the neckline being crossed before we start to be aggressive with trades.

Using our 1-minute charts, we had early evidence of lower highs and lower lows with multiple flag patterns. We took a flag pattern break down SHORT and once price action went in our favor we moved our stop to break even, then we took close to 2.0+ points profit.

For ultra-aggressive traders, lots of choppy price action and no really good momentum based moves.

For traders focused on higher quality trading, 5-minute charts provide a nice 4-bar reversal pattern that had a small move for quick profits this morning session.

Duration: 4+ minutes

Extra Trades:

5-Next

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