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:

LIVE Detail Chart Analysis and Reviews provided in ES LIVE with digital video and audio.

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.

Yesterday, price action retested the previous day’s low area and then reversed during normal trading hours and started to build momentum with a series of higher highs and higher lows while remaining above the 20MA. During the late-day session, price action broke above multiple prior swing pivot highs and continued in after-hours to sustain the momentum above the intraday highs.  The 20MA has converged and crossed above the 200MA and price action formed a healthy flag pattern heading into pre-market and the opening bell.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

After the opening bell, price action consolidated sideways slightly under the opening bell and we patiently waited for started to move lower and crossed below multiple swing pivot lows on the 1-minute charts. We patiently waited for confirmation of the markets finding minor support and then we took an ultra-aggressive scalp trade LONG based on the momentum break out. Once price action moved in our favor, we moved the stop to break even and we took 6.0+ points profits.        

Mini Market Cycles Analysis: