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Mentor Mike’s Daily Turning Points for Tuesday 7/19/11

Mentor Mike’s Daily Turning Points for Tuesday 7/19/11
 

 

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: 2 wins / 0 losses; ES: 3 wins / 0 losses

 

Chart Chat

Today I used a dual MACD histogram and a slowed single stochastic.  Can you see the relationship between the MACD histograms and the position of the price and the 34 and 144 MAs?  Have a great evening.  Be back tomorrow.

 

Please click on the charts below to make them larger.
Chart #1
Chart #1

 

Chart #2
Chart #2

 

 

 

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