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 continued to consolidate in a tight 2-day range as the markets patiently wait for results from the FOMC meeting. Momentum found minor support the second day in the same area during normal trading hours and before crossing back above the 20MA heading into after-hours. Momentum continued during after-hours and overnight as price action approached the prior day’s high area and remained in the upper 1/3rd of the prior day’s range heading into the pre-market and opening bell. The 20MA started converging upwards towards the 200MA.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

Pre-market price action consolidated heading into the opening bell. We patiently waited for more weight-of-evidence and confirmation of a higher low. We took an aggressive entry LONG based on the flag pattern breakout and price action went in our favor and we captured 1.0+ points profit.

Mini Market Cycles Analysis: