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.

Today, overnight price action from the weekend already showing good evidence and momentum with lower highs and lower lows.

Price action was consolidating in a very tight range forming a flag pattern heading into the opening bell.

Pre-market Price action was already below the prior day’s low and consolidating near new lows.

So we watched our ES 5 Minute Complete rules and Market Cycle Analysis conditions for more evidence of setups and looked for SHORTs.

Explanation:

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The initial ES 5 Minute setup gave us a nice 2+ points profit and if you manage the trade carefully, you could have captured more.

Note: You will have access to the commentary details if you purchased the ES 5 Minute Strategy or Membership plans that include it.

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