ES – inflection points for Mar. 28, 2017

Yesterday’s trades

ESM7, Mar. 27, 2017. 30-minute bars.

Sell: 2356.50-2358.50
Keyline: 2345.50-2343.75
1st Buy: 2332.75-2331.75
2nd Buy: 2323.25-2321.75

The price dropped through Nat’s first buy level over the weekend, and paused at her second buy level around the start of the overnight session.

Overnight traders who took that buy signal had a relatively easy trade; a decent move worth about $700 per contract with a relatively modest drawdown.

Subscribers to the live trade room had a better opportunity (and perhaps a better entry) when the price returned to that level at the start of the day session.

It is unusual to see the price move to Nat’s second buy level, but when it occurs it gives a strong longside signal and a very reliable trade entry.

Today’s workbook

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