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 consolidated yesterday during normal trading hours and found minor support before crossing back above the 20MA heading into after-hours. Momentum continued during after-hours and overnight as price action crossed above the prior day’s high and remained heading into the pre-market and opening bell. The 20MA started converging upwards towards the 200MA as price action transitioned to a mini market cycle phase 2 uptrend.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

Pre-market price action retraced heading into the opening bell. After the opening bell, price action was very choppy and with the FOMC 2-Day meeting underway, we decided to sit on hands during the morning session and wait for more favorable trending market conditions.

Mini Market Cycles Analysis: