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 the multiple day mini market cycle phase 2 during normal trading hours yesterday and continued in after-hours and overnight with a series of higher highs and higher lows. The 20MA remained above the 200MA and continued to converge upwards away from the 200MA. Price action found minor resistance in pre-market and began retracing below the 20MA 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:

After the opening bell, price action crossed above multiple prior day swing pivot highs. We patiently waited for confirmation of a higher low with follow thru and we took an ultra-aggressive entry LONG based on new intraday highs and price action went in our favor and we captured 2.0+ point.

Mini Market Cycles Analysis: