ES – inflection points for Feb. 15, 2017

Yesterday’s trades

ESH7 Feb. 14, 2017. 30-minute bars.

Sell level: 2336.50-2338.50
Keyline: 2325.50-2326.50
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.

Today’s workbook