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.

Price action consolidated in after-hours after finding minor resistance at the prior day’s high and a 2X top. The 20MA extended away from the 200MA flattened and started to converge back towards each other. Momentum started to retrace back inside the upper 1/2 of the prior day’s range 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 went below the opening bell and continued with a series of lower highs and lower lows in a mini market cycle phase 4. We waited for confirmation of follow-thru and we took an ultra-aggressive entry SHORT based on new intraday lows and price action went in our favor and we captured 2.0+ point.

Mini Market Cycles Analysis: