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 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

Extra Trades:

 

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