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Mentor Mike’s Daily Turning Points for Monday 10/3/11.

03 Oct Posted by in Mentor Mike's Market Movie | Comments Off on Mentor Mike’s Daily Turning Points for Monday 10/3/11.
Mentor Mike’s Daily Turning Points for Monday 10/3/11.
 

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: 5 wins / 0 losses

 

Chart Chat

Today we can see a HI-lo-hi-LO pattern.  I also did my EW count just to keep in practice.  Remember, there is no objective standard that can indicate for certain if our wave count is correct.  But, I can affirm that the usual rules and guidelines of EW counting have been observed.  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