ES – inflection points for Feb. 23, 2017

Yesterday’s trades

ESH7 Feb. 22, 2017. 30-minute bars.

Sell: 2369.50-2371.50
Keyline: 2365.50-2362.50
Buy: 2347.50-2350.50

The price moved into Nat’s keyline in the overnight trading and fell sharply toward her sell level.

However it stopped and reversed before it got there, leaving overnight traders with exit orders un-executed while the potential profits drained away.

Subscribers to the live trade room had a good chance to capture the rebound back to the keyline, and perhaps even the subsequent decline. That move was worth about $500 per contract.

Today’s workbook

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