ES – inflection points for Feb. 7, 2017

Monday’s trades

ESH7 Feb, 6, 2017. 30-minute bars.

Sell level: 2304.50-2305.50;
Keyline: 2295.50-2296.50
Buy level: 2278.50-2279.50

The price rallied overnight but stopped 3 ticks below Nat’s Keyline.

It then retrace below the previous close but stopped short of her Buy level.

Some traders who faded Nat’s entry by a few points caught a good trade. The exit m.o.c. netted about $400 points per contract on a day when there was a limited range and little room for profit.

Traders who adhered strictly to her levels never got into the trade.

Today’s workbook

Download link: (170207daily-trading-worksheet-ES.pdf, 273KB)