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.
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Price action methodically moved higher during normal trading hours and continued to remain above the upward converging 20MA. After-hour momentum continued to push price action above the intra-day high and into an area of minor resistance. After retesting the resistance area, price action changed direction and crossed below the 20MA retracing overnight back into the prior day’s range and finding minor support before bouncing heading into pre-market and the opening bell.
After the opening bell, price action consolidated with extremely choppy market conditions and no direction. After forming an extended triangle chart pattern, price action crossed below the lower boundary and we waited for confirmation.
We initially took an ultra-aggressive trade SHORT based on the triangle pattern breakdown and we captured 2.0+ points profit.
Mini Market Cycles Analysis
Normally we go for at least $400 profit, but today was extremely choppy market conditions.
Why is $400+ the magic number every day?
Because with discipline and focus every day, you compound your profits and start making $2,000+ every week or $100,000 after 50+ weeks. So every day…follow us and start your journey towards making $400+ every day.