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.

ES Emini Futures overnight price action continued to find the upper boundary of resistance from the previous intraday. Price action started to move lower with lower highs and lower lows from a series of flag patterns and consolidating around the 20 MA. Price action remains inside the prior day’s range heading into the opening bell. With the downward momentum, we took a pre-market flag pattern breakdown SHORT. Price action slowly went in our favor and we moved the stop to break even, and since it’s a counter-trend trade, we took 1.0+ point profit using a minimum position size.

For ultra-aggressive traders, once price action provided confirmation of momentum above the opening bell, there were several good entries & setups LONG for quick profits.

For traders focused on higher quality trading, 5 & 15-minute charts provide a couple LONG setups for quick profits this morning session.

Duration: 5+ minutes

Extra Trades:

5-Next

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