Every freely-traded market makes a series of turning points during the day session of the regional stock market.  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: 6 wins / 1 losses

Chart Chat

Today we can see a 3-point LO-HI-LO skewed toward the earlier end of the NYSE day session with the first LO in the premarket.  The daily chart’s HI may finally be in.  It looks like the market wants to move lower in the overnight.  Morning will tell.

I took a loser for the first time in a while.  A late entry is to blame.  I still finished in the money thanks to my other six good trades.  Have a great evening.  Be back tomorrow.

Please click on the chart below to make it  larger.

Today’s 3-Minute ES Chart