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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Price action re-opened Sunday afternoon and gapped up from the Friday after-hours low area. Overnight momentum continued move price action slightly higher retracing off the prior lows and eventually, an upper boundary of resistance (i.e., 2X top) caused momentum to stall. Pre-market price action moved lower and crossed below the 20MA and headed below the prior day’s low before finding minor support and retracing in a flag pattern back towards the 20MA heading into the opening bell.
After the opening bell, price action consolidated around the 20MA and the opening bell. Bullish momentum push price action higher with a series of higher highs and higher lows from flag patterns in the mini-market cycle phase 2 uptrend.
We took an ultra-aggressive LONG trade based on new intraday highs and flag pattern breakouts 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.