Friday’s trades
Sell: 2392.50-2390.50
Keyline: 2378.50-2377.50
Buy: 2369.50-2370.50
The ES moved back and forth across Nat’s keyline for most of Friday, then sold off sharply going into the close.
The sell-off was mainly an attempt to move the price below 2375 for the Friday option settlement at 4:00 p.m. (EDT) and the price bounced a bit in the last few minutes of trading.
The price never approached Nat’s buy or sell levels — the market ran into intraday resistance around 2382 — and there were no good entries for overnight traders,
Subscribers to the live trade room had the opportunity to short the spikes to the 2382 area which returned decent gains.