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.
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Price action initially rallied yesterday during the normal trading hours and then found an upper boundary of support and crossed below the 20MA and retraced 100% in the late day session heading into after-hours. Bearish momentum continued in after-hours and overnight with a series of lower highs and lower lows as price action moved lower in a mini market cycle phase 4 downtrend.
Pre-market conditions showed early signs of a mini market cycle phase 4 downtrend with lower highs and lower lows heading into the opening bell. After the opening bell, price action aggressively moved lower. We took an ultra-aggressive SHORT trade based on new intraday lows and we captured 1.0+ points.
Mini Market Cycles Analysis
Normally we go for at least $400 profit, but today was extremely choppy market conditions.
Why is $400+ the magic number every day?
Because with discipline and focus every day, you compound your profits and start making $2,000+ every week or $100,000 after 50+ weeks. So every day…follow us and start your journey towards making $400+ every day.