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.
Price action continued the multiple day mini market cycle phase yesterday during normal trading hours and slightly continued in after-hours before finding an area of minor support based on a 2X bottom. The 20MA retraced with price action and started to converge back towards the 200MA. Overnight momentum oscillated with multiple mini market cycles heading into pre-market and the opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action initially went up and immediately reversed on the 1-minute charts and closed below the opening bell. We patiently waited for confirmation of follow thru near new intraday lows and we took multiple ultra-aggressive entries SHORT and price action went in our favor each time and we captured 2.0+ point each.
Mini Market Cycles Analysis: