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:

Detail Chart Analysis and Reviews provided in new & improved video format with audio.

Economic News:

Pre-market Economic news and reports…

 

Explanation:

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 for the ES Emini Futures formed a 2X bottom after finding minor support inside the prior day’s range. Then price action started to move higher with a series of flag patterns and higher swing pivots in a mini market cycle phase 2 heading into the pre-market and opening bell. During pre-market, price action crossed above the prior day’s high and testing the upper boundary of the 5+ day consolidation range.

 

Note: 20 Sessions can be scheduled over multiple weeks or months.

Immediately after the opening bell, price action consolidated and moved lower after the markets stalled for a few moments. With price action below the opening bell and the 20MA, and the significant upper boundary of resistance from multiple days, we decided to sit on hands and protect our profits for the week so far and protect our trading capital.

For ultra-aggressive traders, there were NO aggressive entries for very quick profits.

For traders focused on higher quality trading, similar to the ultra-aggressive trading activity, markets very choppy and no opportunities for scalp trading.

Duration: none

Extra Trades:

 

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