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 continued to move sideways in after-hours as momentum stalled with an upper boundary of resistance from the 2X top during normal trading hours. The 20MA is converging sideways with very a very little uptrend heading into pre-market and the opening bell. With a multiple day mini market cycle phase 2 uptrend, additional weight-of-evidence is needed to see if price action will continue or transition to the next market cycle phase.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action initially moved lower below the opening bell and then retraced back forming a lower high. Momentum continued lower as it remained below the opening bell and we waited for confirmation of follow thru and we took an ultra-aggressive entry SHORT and price action went in our favor and we captured 2.0+ point.
Mini Market Cycles Analysis: