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.
Price action consolidated yesterday during normal trading hours and then abruptly moved lower in after-hours crossing below the intraday lows and 20MA. Bearish momentum continued lower into overnight and price action transitions to a mini market cycle phase 4 before finding some minor support and then oscillating around the 20MA heading into the pre-market and opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action aggressively moved higher as it continued the mini market cycle phase 2 from pre-market. Momentum continued higher crossing above multiple prior swing pivot highs and we took an aggressive new intraday high set LONG. Price action slowly went in our favor and we captured 2.0+ points profit.
Mini Market Cycles Analysis: