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.
Overnight price action continued the momentum from the multiple day mini market cycle phase 2 uptrend with more higher highs and higher lows. The 20MA continued to converge upwards with the 200MA heading into the pre-market and opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
Using our pre-market analysis, price action shows some weakness and bearish momentum to the downside. We patiently waited for confirmation of the lower high and we took an aggressive SHORT entry based on a flag pattern breakdown. We captured 2.0+ points profits multiple times.
Mini Market Cycles Analysis: