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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Pre-market Economic news and reports…
Overnight price action consolidated in the lower 1/3rd of the prior day’s range. Pre-market price action continued to find minor support after yesterday’s big market cycle phase 4 move with lower highs and lower lows. After the opening bell, price action consolidated around the 20 MA and the opening bell. With no follow thru in the first hour, it’s Friday, and we want to preserve and PROTECT our profits for the week, we decided to sit on hands and PROTECT trading capital.
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