Sell level: 2336.50-2338.50
Buy level: 2314.50- 2313.50
Overnight traders entering at Nat’s keyline in either direction had a good chance of being stopped out yesterday.
The drawdown for traders going long was a little more than $225 per contract; anyone who stayed in on the long side was using a fairly wide stop.
But those who did caught a rally that started late in the morning session and continued directly to Nat’s Sell level, a move worth about $500 per contract if you re-entered at the Keyline.