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.
Price action continued to move higher in after-hours yesterday and overnight as momentum crossed above the prior day’s high heading into pre-market and the opening bell. The 20MA continued to converge upwards away from the ascending 200MA. Price action is approaching the prior mini market cycle M-pattern area of resistance. Volatility continues to be excessive with above average intraday ranges.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action initially moved lower below the opening bell and then retraced back above the opening bell towards new intraday highs. Momentum continued higher above the opening bell and we waited for confirmation of follow thru and we took an ultra-aggressive entry LONG and price action went in our favor and we captured 2.0+ point.
Mini Market Cycles Analysis: