Mentor Mike's Daily Turning Points for Wednesday 11/30/11. | Pacific Trading Academy
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Mentor Mike’s Daily Turning Points for Wednesday 11/30/11.

Mentor Mike’s Daily Turning Points for Wednesday 11/30/11.
 

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:  3 wins / 0 losses

 

Chart Chat

There was a major rally in the premarket.  When that happens, the rest of the day often becomes little more than a sideways consolidation.  Eventually there was a modest upside breakout, but I had quit watching much earlier.  Today’s pattern was a two-point HI-LO.  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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