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 dramatically moved lower yesterday in a mini market cycle phase 4 during normal trading activity with a series of lower highs and lower lows. With the increase in volatility, price action continues the multiple day mini market cycle phase 4 as the 20MA converged lower before the markets found minor support at the intraday lows and significantly retraced almost 50% back inside the intraday range as the 20MA and the 200MA converged together. Overnight price action maintained as it oscillated around the 20MA and 200MA heading into the pre-market and opening bell.

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 initially moved above the opening bell and then retraced with a flag pattern and higher low. Momentum continued higher above the opening bell and we waited for confirmation of follow thru and we took an ultra-aggressive entry LONG and price action went in our favor and we captured 4.0+ point.

Mini Market Cycles Analysis: