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 consolidated in after-hours and formed a triangle chart pattern with lower highs and a base of minor support. Momentum eventually pushed price action lower below the support area and below the prior day’s low heading into the pre-market and opening bell. The 20MA continues to converge downward as it was oscillating around the 200MA and continuing the multiple day mini market cycle phase 4 downtrend.

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 moved aggressively lower and under the 20MA to new intraday lows. We patiently waited for confirmation of a lower high below the opening bell. We took an ultra-aggressive entry SHORT based on new intraday lows and price action went in our favor and we captured multiple profits of at least 1.0+ point.

Mini Market Cycles Analysis: