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.
Yesterday’s price action found an upper boundary of resistance in the morning session and began to consolidate sideways. Momentum started to weaken in the late day sessions and continued in after-hours as price action started to move lower with a series of lower highs and lower lows heading into pre-market and the opening bell. The 20MA started to converge downwards towards the 200MA.
Pre-market Economic news and reports…
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After the opening bell, price action retested the pre-market resistance area and then crossed back below the opening bell and formed a multiple bar candlestick sell signal. We took an ultra-aggressive SHORT based on the reversal pattern and captured 2.0+ points profit.
Mini Market Cycles Analysis:
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