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.

Markets initially moved lower yesterday after the opening bell and shortly afterward found minor support and retraced over 100% back above the opening bell. Price action moved higher with a series of higher lows and retested the after-hours high while finding minor resistance. The 20MA converged upwards toward the 200MA as price action consolidated near the 62% Fibonacci levels and minor resistance.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

With the FOMC looming, the markets open and showed a lot of stagnant overlapping candlestick bars while remaining in a very tight range. We decided to sit on hands today.    

Mini Market Cycles Analysis:

Market Recap & Trade Reviews and Discussions