ES – inflection points for Jan. 10, 2017

ESH7 Jan. 9, 2017. 60-minute bars.LZ

Lots of potential profit in the Sunday overnight trade, but it required a bit of thought from traders.

The entry point was Nat’s control line and there was ample opportunity to get in at that level.

But the price never reached Nat’s buy level, where traders would normally exit.

Instead they needed to use a market-on-close order to exit the trade. Those who did that saw a potential profit of about $550 per contract for a pretty easy overnight trade.

ES daily worksheet

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