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: 0 wins / 0 losses; ES: 5 wins / 0 losses

Chart Chat

Today both markets displayed HI-LO-HI configurations.  The ES was skewed later and the EUR/USD was skewed earlier with the first HI in the premarket. Today is my wife’s birthday, and tomorrow is our wedding anniversary.  How’s that for good planning?  Two important dates back to back.  Also, please remember, I will be on vacation from July 24 through August 14.  Our destinations include Paris, London, Copenhagen, Stockholm, Helsinki and St. Petersburg.  I have trading to thank for such freedom.  It is definitely the world’s best business.  Have a great evening.  Be back tomorrow.

Please click on the charts below to make them larger.

Chart #1

Chart #2