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:

Detail Chart Analysis and Reviews provided in new & improved video format with audio.

Economic News:

Pre-market Economic news and reports…

 

Explanation:

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 for the ES Emini Futures consolidated inside the prior day’s range and after forming a mini market cycle M pattern with a 2X top, price action formed a lower high and transition to a mini market cycle phase 4 with lower highs and lower lows heading into pre-market and the opening bell. Markets continuing with a four-day consolidation and weight of evidence starting to show minor weakness.

 

Note: 20 Sessions can be scheduled over multiple weeks or months.

Immediately after the opening bell, price action consolidated around the 20MA and the opening bell with no direction. We decided to sit on hands and protect our profits for the week so far and protect our trading capital.

For ultra-aggressive traders, there were NO aggressive entries for very quick profits.

For traders focused on higher quality trading, similar to the ultra-aggressive trading activity, markets very choppy and no opportunities for scalp trading.

Duration: none

Extra Trades:

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