ES – inflection point for Apr. 10, 2017

Friday’s trades

ES M7. Apr. 7, 2017. 30-minute bars.

Sell: 2375.50-2373.50
Keyline: 2362.50-2365.50
Buy: 2337.50-2335.50

The announcement of the U.S. attack on Syria sent the whole market crashing, including the S&P 500 futures, which dropped 16 points in half an hour.

The decline ended at Nat’s buy level, and the market gradually worked its way back up to close slightly higher.

However it never made it up to Nat’s keyline, and the traders who caught the move likely exited at the closing price, a move worth a maximum of about $700 per contract.

Most of the retracement came before the beginning of the day session so the move available to trade room subscribers was less.

Today’s workbook