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.
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Pre-market Economic news and reports…
Yesterday, the federal reserve released economic news and the markets reacted with a dramatic drop before finding minor support. Minutes later, the move had retraced 100% and price action continued to be inside the prior day’s range. So with another multiple day consolidation, we will wait for more weight of evidence to focus on any aggressive trading.
Note: 20 Sessions can be scheduled over multiple weeks or months.
Even after the economic news, price action continued to be choppy with no direction overnight and heading into the opening bell.
For ultra-aggressive traders, no setup opportunities this morning.
For traders focused on higher quality trading, no quality setups this morning session.
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