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.

Yesterday’s price action during the normal trading hours, initially consolidated for a few minutes before breaking down below the opening bell, crossing below multiple swing pivot lows and aggressively moved lower throughout the trading day until it found minor support at the intraday lows. The 20MA crossed below the 200MA and converged lower. Overnight price action remained in the lower 1/3rd of the previous day’s range and started to show lower highs heading into the pre-market and opening bell.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

With the FOMC looming, the markets open and showed a lot of stagnant overlapping candlestick bars while remaining in a very tight range. We waited patiently for more weight of evidence and e took an ultra-aggressive scalp trade SHORT based on the flag pattern breakdown. With all the choppy price action and overlapping candlesticks, we captured 2.0+ points profits.        

Mini Market Cycles Analysis:

Market Recap & Trade Reviews and Discussions