ES – inflection points for Apr. 24, 2017

Friday’s trades

Keyline: 2355.50-2356.50
Buy: 2340.25-2342.75

The S&P500 mini futures made a regular, easily-traded move down Friday.

Overnight the price moved up to Nat;s keyline and failed to penetrate it for most of the overnight session.

Once the day session started the price started to decline and continued through the morning session, until the decline stopped right in the middle of Nat’s buy zone.

The initial move down was worth about $700 per contract, and was available to both overnight traders and trade room subscribers.

The afternoon bounce from the buy zone was worth another $300 per contract for trade room subscribers who were monitoring the market on a Friday afternoon.


Today’s workbooks

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