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.

Overnight price action consolidated in the lower 1/3rd of the prior day’s range as it found minor support and oscillated around the 20MA.

Heading into the pre-market, price action remained weak and inside the prior day’s range.

Economic News:

Pre-market Economic news and reports…

Note: 20 Sessions can be scheduled over multiple weeks or months.

 

Explanation:

After the opening bell, price action oscillated around the opening bell inside the prior day’s range.

With no direction, we decided to sit on hands today.

Review our 1 and 5-minute charts, all the weight of evidence was indicating choppy and unfavorable market conditions.

For ultra-aggressive traders, during the first-hour session, there was no aggressive entry that could lead to quick small profits.

For traders focused on higher quality trading, there were no good candlestick or chart pattern setups for quick profits.

Duration: none

Extra Trades:

 

Today’s price action consolidated during the morning session before rallying and finding an upper boundary of resistance. ONce price action crossed the 20MA and started forming lower highs and transitioning into a mini market cycle phase 4. Once price action started trending, there were several ultra-aggressive scalp trades for quick profits.

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