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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Economic News: Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
Price action re-opened Sunday afternoon after a strong multiple-day mini market cycle phase 2 uptrend with higher highs and higher lows pushed price action to new all-time highs. Price action converged higher with the 20MA above the 200MA and overnight momentum pushed price action above the prior day’s high area.
Pre-market conditions showed early signs of a mini market cycle phase 4 downtrend with lower highs and lower lows heading into the opening bell. After finding minor support near the intraday lows, price action reversed and crossed above the 20MA and probed above the opening bell.
We took an ultra-aggressive LONG trade based on a flag pattern breakout and we captured 1.0+ points.
Mini Market Cycles Analysis
Normally we go for at least $400 profit, but today was extremely choppy market conditions.
Why is $400+ the magic number every day?
Because with discipline and focus every day, you compound your profits and start making $2,000+ every week or $100,000 after 50+ weeks. So every day…follow us and start your journey towards making $400+ every day.