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 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.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
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: