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, after a multiple day uptrend, price action formed a 2X top M pattern and rolled over in after-hours yesterday and crossed below the neckline and the 20MA transitioning into a mini market cycle phase 4. The 20MA crossed below the 200MA and price action found minor support and retraced off the overnight lows heading into pre-market and the 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 immediately moved higher towards new intraday highs and we took an aggressive LONG entry and we captured 1.5+ point profit.  Momentum reversed lower and we took the breakdown SHORT and micro-managed the trade for 1.5+ points profit.

Mini Market Cycles Analysis: