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 inside the prior day’s range. Markets showing no evidence of trending conditions and choppy in pre-market. However, with momentum in the upper 1/3rd of the prior day’s range, showing some bullish evidence. After the opening bell, markets moved lower but with no healthy flag patterns or retracements. With price action range-bound and upcoming FOMC meetings, we decided to sit on hands.
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