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.

Price action rallied at the opening bell yesterday after a quick reversal and continued upwards in a mini market cycle phase 2 during normal trading hours. However, after-hours saw price action drastically sell-off and continue the multiple day phase 4 downtrend with lower highs by crossing back below the 20MA and crossed below the intraday low and continued lower until minor support was found during early morning hours and pre-market. The 20MA continued to converge lower while remaining under the 200MA.

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 initially moved slightly higher with confirmation of a higher low above the opening bell. After finding minor resistance near the intraday high, price action rolled over and crossed below the 20MA and moved lower retracing back towards the opening bell and forming a lower high with a flag pattern. We patiently waited for the flag pattern breakdown and we took an aggressive SHORT entry. Price action slowly moved in our favor and we captured 2.0+ points profit.          

Mini Market Cycles Analysis: