Mentor Mike’s Daily Turning Points for Thursday 9/22/11.

Mentor Mike’s Daily Turning Points for Thursday 9/22/11.

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.



ES: 8 wins / 0 losses


Chart Chat

I forgot to mention on Tuesday that I was taking yesterday off because it was Day 2 of a 2-day meeting of the FOMC, and I know from experience that the market can do strange things when the Fed tinkers with interest rates or even talks about doing so.  Anyway, we are back today with a LO-HI-LO skewed toward the early end of the session.  We can also see the obvious Elliott Waves of an extend bearish impulse pattern.  Have a great evening.  Be back tomorrow.

Please click on the chart below to make it  larger.

ES Chart Daily
Today’s 3-Minute ES Chart




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