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 below the ascending support trendline after forming a lower high and aggressively moved lower below the 20MA as it retested the prior multiple day lows. Overnight price action remains extended and below the declining 20MA heading into the opening bell. The 20MA crossed below the 200MA as momentum continues the mini market cycle phase 4.

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 consolidated for a few minutes and moved slightly upwards back above the opening bell before finding intraday high resistance.  Momentum reversed and we crossed below the opening bell, below the 20MA and we moved lower below multiple swing pivot lows. We patiently took an aggressive SHORT entry after new intraday lows and we captured 2.0+ point profit.  

Mini Market Cycles Analysis: