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 finally found significant support yesterday during the normal trading activity and retraced back towards the previous flag pattern highs heading into the late-day session. After-hours continued to see momentum consolidate in the upper 1/3rd of the prior days range with the 20MA converging upwards and eventually crossing above the 200MA heading into the pre-market and opening bell.  Price action crossed above the prior day’s high in pre-market and continued higher above the 20MA.

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 consolidated around the opening bell and the 20MA with an excessive amount of overlapping candlestick bars and no direction. We decided to sit on hands and wait for more favorable trending conditions and additional weight-of-evidence. 

Mini Market Cycles Analysis: