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 downward momentum and mini market cycle phase 4 in after-hours yesterday as it oscillated around the 20MA. Price action retested and crossed below the prior day’s low before finding minor support and retracing back inside the prior day’s range in the lower 1/3rd of the range heading into pre-market and the opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
Pre-market price action indicated strong mini market cycle phase 2 uptrend with bullish momentum. Once price action reversed and closed with and closed above the opening bell, we looked for an ultra-aggressive new intraday High breakout, we patiently waited for more weight-of-evidence and confirmation of a higher low. We took an aggressive entry LONG based on the new intraday High breakout and price action went in our favor and we captured 1.0+ points profit.
Mini Market Cycles Analysis: