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.
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Yesterday, the ES Emini Futures price action was very choppy with lots of consolidation around the 20 MA. Price action remained inside the prior day’s range and overnight price action found some minor support as it started to trend towards the upper 1/3rd of the previous day’s range. Pre-market continued with the direction-less consolidation as it moved slowly towards the prior day’s high.
Markets continued to be choppy and inside the prior day’s range waiting for the FOMC results. We decided to sit on hands this morning.
Note: 20 Sessions can be scheduled over multiple weeks or months.
Price action continued to be choppy with no direction.
For ultra-aggressive traders, no setup opportunities this morning.
For traders focused on higher quality trading, no quality setups this morning session.
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