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 continued to move slightly lower with a series of lower highs and lower lows while hugging the 20MA. After a multiple day uptrend, price action is retracing inside the prior day’s range and has probed below the prior day’s low heading into the pre-market and opening bell. The 20MA has crossed below the 200MA and continues to converge downward.

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 continued the mini market cycle phase 4 from premarket. We patiently waited for a lower and candlestick reversal pattern and took an aggressive SHORT. Momentum went in our favor and we captured 2.0+ points profit.      

Mini Market Cycles Analysis: