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 continued to remain in the upper 1/3rd of the multiple day mini market cycle phase 2 after an extended flag pattern overnight an yesterday. Momentum consolidated yesterday in the flag pattern and eventually broke above the upper boundary in overnight and heading into the pre-market.  The 20MA continues to converge above the 200MA as we have a series of higher highs and higher lows over multiple days.

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 consolidated in a very tight intraday range with excessive overlapping candlesticks on the 1-minute charts. We decided to sit on our hands in the morning session.     

Mini Market Cycles Analysis:

Market Recap & Trade Reviews and Discussions