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.
Pre-market Economic news and reports…
Overnight price action for the ES Emini Futures continues to be strong and consolidating inside the prior day’s range and near all-time highs. From our Daily chart analysis, we have a 5+ day consolidation range, similar to previous months with price action remaining above the 20MA.
Note: 20 Sessions can be scheduled over multiple weeks or months.
Immediately after the opening bell, price action started to show a little momentum by closing above the prior day’s high and in the vicinity of all-time highs and we took a minimum position size LONG entry. Markets showed no follow thru and we closed the position at break even. Daily chart continues to show evidence of consolidation.
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: 5+ minutes
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