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…
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Price action re-opened Sunday afternoon and after finding immediate support, momentum continued to move price action up as it crossed above the 20MA and continue to be bullish in the upper 1/3 of the prior day’s range. The 20MA continued to converge slightly above the 200MA as price action formed a series of higher lows with a minor upper boundary of resistance and forming a triangle pattern heading into pre-market and the opening bell.
After the opening bell, price action continued with bullish momentum from the pre-market and we waited for confirmation of price action with a higher low above the opening bell.
We initially took an ultra-aggressive trades LONG based on the flag pattern breakout and we captured 2.0+ points profit.
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.