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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Overnight price action continued the sideways consolidation inside the prior day’s range and around the 20MA as the markets continued to gear up in anticipation of the FOMC results. Price action continued to remain in the vicinity of the all-time highs during after-hours and overnight. Pre-market momentum moved lower in the lower 1/3rd of the prior day’s low area and near the 20MA.
After the opening bell, price action aggressive moved lower below multiple minor support levels and crossed below our ascending trendline and remained below the opening bell. We took multiple ultra-aggressive trades SHORT based on flag pattern breakdowns and we captured between 1 and 2.0+ 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.