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 tested the ascending trendline in premarket yesterday and after the opening bell, bearish momentum pushed the markets lower and price action accelerated in the mini market cycle phase 4 downtrend with lower highs and lower lows. The 20MA crossed below the 200MA and extended downwards and away as the market became oversold. After-hours and overnight price action found some minor support and retraced off the intraday lows heading into the pre-market and opening bell.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

Markets closed in observance of Holiday.