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
EUR/USD: 1 wins / 0 losses; ES: 4 wins / 0 losses
Chart Chat
Today both markets displayed LO-HI-LO configurations neatly within the NYSE day session. We have had a number of less-typical days lately, but this type of 3-point pattern is still the norm. Please remember, I will be on vacation from July 24 through August 14. I was thinking I would be out for two weeks; turns out, it’s actually three. No matter. I’m sure you will be able to find your turning points just fine without me until I return. Have a great evening. Be back tomorrow.
Please click on the charts below to make them larger.
Chart #1