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.
Detail Chart Analysis and Reviews provided in new & improved video format with audio.
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Pre-market Economic news and reports…
With the previous day holiday, we reviewed overnight price action and identified a potential mini market cycle phase 3 forming. We waited for confirmation of lower highs and lower lows on the 1-minute charts to show the evidence of transitioning to phase 4. Once we started seeing price action remain below the opening bell and the 20 MA, we focused on multiple flag pattern breakdowns. We probed on several small flag pattern breakdowns with a SHORT entry and took 1.0+ points. Finally took aggressive SHORT and micro-managed the trade using the 1-minute charts and also took 1.0+ point profit.
Duration: 5+ minutes
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