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 consolidated inside the prior day’s range as it oscillated around the 20MA. After a multiple day mini market cycle phase 2, momentum seems to be retracing as it tested the prior day’s low area heading into pre-market and the opening bell. The 20MA has started to converge downward as it continued to remain above the 200MA.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

With the FOMC meeting looming over the markets, price action consolidated in a very tight range this morning and we decided to sit on our hands the first hour and wait patiently for more weight of evidence.         

Mini Market Cycles Analysis: