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.

Yesterday, price action aggressively rallied in mini market cycle phase 3 during normal trading hours and retested the previous upper boundary of the previous M-pattern. Momentum then stalled and transition to a mini market cycle phase 4 after breaking down below a minor area of support (i.e., neckline). After-hours continued to see bearish weakness in price action as it retraced heading into pre-market and the opening bell. The 20MA started to converge downwards toward the 200MA.

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 immediately moved higher with a continuation of the mini market cycle phase 2 from pre-market. We took an aggressive setup LONG based on new intraday highs and an additional second setup from the flag pattern breakout. Price action moved in our favor and we captured 2.0+ points profit.   

Mini Market Cycles Analysis: