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Mentor Mike’s Daily Turning Points for Wednesday 7/13/11

Mentor Mike’s Daily Turning Points for Wednesday 7/13/11
 

 

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: 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
Chart #1

 

Chart #2
Chart #2

 

 

 

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