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Mentor Mike’s Daily Turning Points for Monday 10/10/11.

10 Oct Posted by in Mentor Mike's Market Movie | Comments Off on Mentor Mike’s Daily Turning Points for Monday 10/10/11.
Mentor Mike’s Daily Turning Points for Monday 10/10/11.
 

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

 

Scoreboard

ES: 4 wins / 0 losses

 

Chart Chat

Today we can see a 3-point HI-LO-HI skewed toward the later end of the NYSE day session.  It looks like Friday’s HI was not the daily chart HI I referred to last week.  Perhaps today’s HI will be the daily chart turning point.  We shall see.  Have a great evening.  Be back tomorrow.

Please click on the chart below to make it  larger.

ES Chart Daily
Today’s 3-Minute ES Chart