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 opens and immediately move lower continuing the pre-market weakness. After the opening bell, price action momentum moved aggressively lower with a series of lower highs and lower lows followed by flag patterns the entire trading day and continued in after-hours. Eventually, price action found some minor support during overnight and crossed back above the 20MA while retracing heading into the pre-market and 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 immediately moved lower and once we had confirmation of a lower high, we took an aggressive SHORT entry based on a breakdown and new intraday lows. Price action slowly moved in our favor and we captured 2.0+ points profit.          

Mini Market Cycles Analysis: