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, the previous several days, price action continued the multiple day mini market cycle phase 2 and yesterday, price action consolidated sideways during normal trading hours and after-hours. As momentum continues to head in the direction closely towards the all-time highs, the moves and volatility are slowing down as price action hits up against a slight upper boundary of resistance and retraced back towards the ascending trendline. The 20MA is converging towards the 200MA heading into 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:

With price action consolidating yesterday in a very tight range, we were skeptical of any potential aggressive moves to the upside. After the opening bell, price action continued to consolidate in a very tight range during the first hour, so we decided to sit on hands and protect our capital and wait for more weight of evidence later in the day.  

Mini Market Cycles Analysis: