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.
Price action re-opened Sunday afternoon and consolidated sideways and around the 20MA. The multiple day momentum continues to be in a slightly upwards mini market cycle phase 2 after recent price action retested the all-time high area and prior resistance. The 20MA continues to converge upwards and slightly above the 200MA heading into the opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action consolidated sideways with very little momentum in any direction. We decided to sit on hands and wait for more favorable market conditions and more weight-of-evidence.
Mini Market Cycles Analysis: