ES – inflection points for Jan. 12, 2017

ESH7 Jan. 11, 2017. 60-minute bars

A difficult trade in the e-minis. Nat’s key line was acting as support during the day session and the price eventually bounced from it, but not before some serious whipsaws back and forth.

Overnight traders were probably stopped out of this trade. People in the real-time room probably made a decent profit.

All-in-all, a tough day to trade. The Trump press conference provided the excuse for some of the morning volatility.

ES- today’s workbook

Download link: (170112-daily-trading-worksheet-ES.pdf, 256KB)