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.
Detail Chart Analysis and Reviews provided in new & improved video format with audio.
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Pre-market Economic news and reports…
Overnight price action from the weekend showing evidence of higher highs and higher lows heading into pre-market and the opening bell. Price action crossed above the prior day’s high and continues to retrace off the 2-days lows from last week. We are seeing price action approach the lower boundary of the previous 22-day consolidation range. Using 1-minute charts, even though markets showed momentum continuing in mini market cycle phase 2, did not see quality setups and with it only being Monday, beginning of the trading week, decided to sit on hands.
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