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 continued to be in a multiple days tight range with a very close upper boundary of resistance and support areas. The 20MA and 200MA have converged together in anticipation of the breakout or breakdown. With the previous mini market cycle phase 4 still intact, momentum is moving in the upper half of the multiple day range.

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 went below the opening bell and found minor support before crossing back above the opening bell and forming a higher low. Once price action built momentum, formed a flag pattern and broke out to new intraday highs, we waited for confirmation of follow-thru and we took an ultra-aggressive entry LONG  based on new intraday highs and price action went in our favor and we captured multiple profits of at least 2.0+ point.

Mini Market Cycles Analysis: