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.
Scoreboard
ES: 6 wins / 0 losses
Chart Chat
Today we can see a 3-point HI-LO-HI with the first HI occurring in the premarket. Based on the 60-minute chart, it appears that we may have made a HI on the daily chart. If so, we may see a generally bearish bias in the ES for the next one to two weeks. Have a great weekend. Be back Monday.
Please click on the chart below to make it larger.
Today’s 3-Minute ES Chart
