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.
After the huge selloff during yesterday normal trading activity, price action consolidated and retraced off the intraday lows during after-hours and crossed above the 20MA. The 20MA initially converging away from the 200MA started to redirect towards back upwards. Momentum continues to be inside the prior day’s range in the lower 1/3rd of the range as price action remains in a multiple day mini market cycle phase 4 with healthy retracements.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action initially went lower below the opening bell before finding intraday support and reversing back in the direction towards the opening bell. Momentum continued and formed a higher low after crossing above the 20MA and we took an ultra-aggressive entry LONG and price action went in our favor and we captured 4.0+ point.
Mini Market Cycles Analysis: