ES – inflection points for Feb. 17, 2017

Yesterday’s trades

ESH7 Feb. 16, 2017. 30-minute bars.

Sell: 2358.50-2361.75
Keyline: 2347.00-2345.50
Buy: 2335.25-2333.50

This was a difficult trade for overnight subscribers.

The ES stayed within spitting distances of Nat’s keyline overnight, before dropping sharply near the open of the day session.

Overnight traders who went short at the keyline got a good entry, but the price stopped about 2 points above Nat’s buy level.

Unless they faded Nat’s buy inflection point by a couple of points they misses the exit (and the subsequent bounce.

The market closed exactly at the lower level of the Keyliine; overnighters made a nice trip down and up, but no profit.

Members monitoring the trade room did better. They had a good opportunity to get the exit and the subsequent bounce.

Today’s workbook

 

Download link: (170217daily-trading-worksheet-ES-Copy.pdf, 375KB)