Every freely-traded market makes a series of turning points that tend to occur during the day session of the regional stock market. They can range in number from two to four, but about 80% of the time there are three: HI-LO-HI or LO-HI-LO. You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis.
Scoreboard
ES: 9 wins / 0 losses
Chart Chat
At first blush, the Parabolic SAR on today’s 3-minute chart appears to show 5 or even 6 turning points. But, if you look at the red & white MACD lines, you can see three primary points: LO-HI-LO. Have a great evening. Be back next tomorrow.
Please click on the chart below to make it larger.
Today’s 3-Minute ES Chart
