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.

Momentum stalled after the huge rally yesterday and during after-hours, price action found minor resistance near the prior day’s high and started to transition into a downtrend with a series of lower highs and lower lows. Price action oscillated around the 20MA and moved slightly lower while remaining in the upper 1/3rd of the prior day’s range. The 20MA started to converge lower towards the 200MA in pre-market and heading into the opening bell.

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 consolidated sideways before breaking down aggressively with weak momentum in mini market cycle phase 4 on the 1-minute charts. We waited for confirmation of a lower high and aggressively took a SHORT entry based on a multiple bar reversal pattern and new intraday lows. Momentum continued in the downtrend very slowly and we micro-managed the trade and captured 1.0+ points profit. After price action continued to move lower, another SHORT entry was presented based on a flag pattern breakdown and we captured 1.0+ points profit.

Mini Market Cycles Analysis: