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.

Overnight price action continued to show weakness as it attempted drastically multiple times to move lower with a series of lower highs and lower lows. With the 20MA converging downward and crossing below the 200MA, price action retested the prior day’s low and finally found a minor area of support in late overnight trading. Pre-market price action continued the bearish momentum heading into the opening bell.

Economic News:

Pre-market Economic news and reports…

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Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

Pre-market price action initially indicated a slight downtrend with lower highs and lower lowers. After the opening bell, price action was very choppy with overlapping bars and so we decided to sit on hands during the morning session.  

Mini Market Cycles Analysis: