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.
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.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
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: