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 initially rallied yesterday during the normal trading hours and then found an upper boundary of support and crossed below the 20MA and retraced slightly in the late day session heading into after-hours. Bearish momentum continued in after-hours and overnight with price action converging in a triangle pattern heading into the pre-market and opening bell.
Pre-market conditions showed early signs of a mini market cycle phase 4 downtrend with lower highs and lower lows heading into the opening bell. We took an ultra-aggressive SHORT trade during pre-market based on major support breakdown and we captured 1.0+ points.
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.