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.

Momentum continued to have a 2X top and upper boundary of resistance from the previous couple of days. Overnight price action continued the methodical move downward in a mini market cycle phase 4 with lower highs and lower lows. Price action oscillated around the descending 20MA as it continued to converge lower below the 200MA. Pre-market price action found some minor support near the 38% Fibonacci level 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 slowly moved higher from the pre-market mini market cycle phase 2. We waited for confirmation of a higher low and aggressively took a LONG entry. Momentum continued in the uptrend and we micro-managed the trade and captured 2.0+ points profit.

Mini Market Cycles Analysis: