ES – inflection points for Mar. 14, 2017

Yesterday’s trades

ESH7. Mar. 13, 2017. 30-minute bars.

Sell: 2383.50-2385.50
Keyline: 2373.75-2375.50
Buy: 2359.00-2361.25

The ES traded within a very narrow range Monday. Traders are waiting for the Federal Reserve’s announcement about an interest rate increase.

The announcement will be part of the FOMC minutes Wednesday afternoon. Barring any earth-shaking news market action will be slow before then.

Subscribers to Nat’s trade room had an opportunity to short the price spike on the open of the day session. Overnight traders didn’t really have a decent entry level.

Today’s workbook