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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After testing the pre-market highs yesterday morning, price action found an upper boundary of resistance and continued to retrace below the 20MA during normal trading hours and after-hours. Overnight momentum pushed price action lower with a series of lower highs and lower lows in a mini market cycle phase 4 downtrend as price action crossed below the prior day’s low area.
Pre-market conditions showed early signs of a flag pattern retracing off the overnight lows heading into the opening bell.
After the opening bell, price action continued the mini market cycle phase 2 from pre-market. We took an ultra-aggressive trade LONG based on the Opening Bell breakout 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.