ES – inflection points for Feb. 6, 2017

Friday’s trades

ESH7 Feb. 3, 2017. 30-minute bars.

Sell level: 2289.50-2292.25
Keyline: 2278.50-2280.50
Buy level: 2256.50-2255.50

The ES trade Friday was pretty easy. The price moved up to Nat’s Keyline (blue) overnight, and stayed there in a very narrow range until the open. It then moved up to her Sell Level in the regular trading session and closed there.

Traders had lots of time to get in and out, and the initial trade had very little drawdown.

Depending on where you got in and where you got out, the trade was worth $450 to $685 per contract.

Today’s workbook


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