ES- inflection points for Feb. 9, 2017

Tuesday’s trades

Sell level: 2304.50-2305.50
Keyline: 2282.00-2280.50
Buy level: 2272.50-2273.50

Despite a narrow range in the ES, the Tuesday ES trade was almost perfect for overnight traders — those who place orders pre-market and leave them in place until the close the following day.

In this case the entry was within a couple of ticks of the daily low, and the exit (m.o.c.) was close to the high of the day.

The trade netted about $400 per contract.

Today’s workbook

Download link: (170209daily-trading-worksheet-ES.pdf, 275KB)