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.

Overnight price action continues to show the evidence of how strong the markets are with yesterday entire day of price action remaining in the upper 1/3rd or the phase 2 momentum and near all-time highs. After finding minor support in after-hours, price action began rallying with higher highs and higher lows while remaining above the 20MA.

Noticed that the 20MA continues to remain above the 200MA.

Economic News:

Pre-market Economic news and reports…

Note: 20 Sessions can be scheduled over multiple weeks or months.

 

Explanation:

After the opening bell, price action consolidated with very small moves for ULTRA-Aggressive trading. We decided to sit on hands and preserve profits for the week and wait for more weight of evidence since market conditions are extremely strong.

With the 20MA > 200MA, we noticed setups had very little follow thru and potential profit targets were small.

For ultra-aggressive traders, immediately after the opening bell, there was at least 1 aggressive entries that could lead to quick small profits.

For traders focused on higher quality trading, there was 1 good candlestick or chart pattern setups for quick profits.

Duration: none

Extra Trades:

 

Today’s price action presented some great ultra-aggressive LONG & SHORT setups with price action rallying in the early part of the morning session and then finding minor resistance at all-time highs and reversed the majority of the intraday move.

 

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