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.

Overnight price action retraced off the intraday lows in a flag pattern as it remained inside the prior day’s range. The 20MA continued to converge below the 200MA as price action remained in the multiple day mini market cycle phase 4 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 continued the mini market cycle phase 2 uptrend from premarket. We patiently waited for confirmation of a higher low above the opening bell and candlestick reversal pattern and took an aggressive LONG flag pattern break out. Momentum went in our favor and we captured 2.0+ points profit.      

Mini Market Cycles Analysis: