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.

Overnight price action continued to find minor support near the intraday lows and reversed upwards and transition towards an uptrend with a series of higher highs and higher lows as momentum reversed almost 100% as price action retested the prior day’s high area.  The 20MA initially was converging downward and also turned upwards as it moved towards the upper 200MA heading into the pre-market and 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 in a tight range during the first 60+ minutes, and so we waited for additional weight of evidence and momentum to indicate a direction. We patiently sat on our hands during the first hour.       

Mini Market Cycles Analysis: