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.

From a birds-eye view, price action crossed above the descending trendline yesterday and could not sustain the momentum to the upside. After two failed attempts for price action to move higher, price action continued the mini market cycle phase 4 downtrend as price action crossed back below the 20MA and continued in after-hours lower as it crossed below the prior day’s low during overnight with the 20MA crossing below the 200MA.

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 went below the opening bell, crossed below our pre-market swing pivot low and we probed with a SHORT entry and took 1.0+ points profit. Price action then found minor support before reversing back above the opening bell. We patiently waited for the confirmation of a higher low and the flag pattern breakout and took an aggressive series of LONG trades based on new intraday highs and a flag pattern breakouts. We pursued small 1.0+ point targets and captured 1.0+ point profit from each one.  

Mini Market Cycles Analysis: