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.

Overnight price action continued to rally above the prior day’s highs and eventually find some minor resistance.

With price action over multiple days being in a strong market cycle phase 2 uptrend, we continue to watch for any evidence of weakness and using the market cycle analysis, and eventually transitioning to phase 3 and then phase 4.

Pre-market price action slowly moving downward with lower highs and lower lows with overlapping candlestick bars heading into the opening bell.

So we watched our ES 5 Minute Complete rules and Market Cycle Analysis conditions for more evidence of setups from Candlestick analysis, chart formations and patterns and price action.

Explanation:

Sorry, you do not have access to this content.

Price action is very choppy so we are sitting on hands today.

Note: You will have access to the commentary details if you purchased the ES 5 Minute Strategy or Membership plans that include it.

5-Next

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.