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 with a 2X top in after-hours immediately after the normal trading activity and transition to a short-lived mini market cycle phase 4. After finding minor support in late night price action, momentum reversed and crossed above the 20MA heading towards the 200MA in a mini market cycle phase 2 uptrend. The 20MA has converged back towards the 200MA heading into the pre-market and 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 slowly moved lower with new intraday lows as the 20MA converged downwards with the 200MA. With pre-market price action already having moved in a mini market cycle phase 2 and transitioning to a 2X top (i.e., M-pattern), we waited for confirmation of the mini market cycle phase 4 and follow-thru with new intraday low and we took an ultra-aggressive entry SHORT and price action went in our favor and we captured 1.0+ point.

Mini Market Cycles Analysis: