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.
Detail Chart Analysis and Reviews provided in new & improved video format with audio.
Pre-market Economic news and reports…
Similar to yesterday, overnight price action for the ES Emini Futures consolidated above the prior day’s highs and price action aggressively moved upwards Monday during market hours with a series of higher highs and higher lows. Price action currently testing the all-time highs area heading into the opening bell with a series of flag patterns. With all the weight of evidence strong, momentum continues to be leaning in the bullish direction.
Note: 20 Sessions can be scheduled over multiple weeks or months.
Immediately after the opening bell, consolidated sideways on the 1-minute charts for the entire first hour.
For ultra-aggressive traders, with price action consolidating on the 1-minute charts, there were NO very good opportunities for aggressive trading.
For traders focused on higher quality trading, similar to the ultra-aggressive trading activity, there were NO good opportunities for scalp trading for quick profits.
Duration: 6+ minutes
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