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Mentor Mike’s Daily Turning Points for Tuesday 11/15/11.

Mentor Mike’s Daily Turning Points for Tuesday 11/15/11.
 

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 utilize daily turning points. I can teach you how to spot them with conventional technical analysis

 

 

Scoreboard

ES: 6 wins / 0 losses

 

Chart Chat

Today’s pattern was HI-LO-HI.  We have had numerous variations of this one over the past month or so.  This one was picture-perfect – two bullish impulse patterns separated by a bearish corrective pattern.  Have a great evening.  Be back tomorrow.

Please click on the chart below to make it larger.
Chart #1
Today’s 3-minute ES chart

 

 

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