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: 8 wins / 0 losses

Chart Chat

Today’s 3-minute chart shows a HI-LO-HI with the first HI coming early in the pre-market.  The YELLOW arrows represent good trades that I couldn’t take because I was delivering my webinar on TECHNICAL ANALYSIS.  Speaking of which, I will be giving it again tomorrow at 1:15 pm PDT for Ninja Trader.  If you would like to see it or see it again, check out the Ninja web site for details.  Have a great evening.  See you tomorrow.

Please click on the chart below to make it  larger.

Today’s 3-Minute ES Chart