ES – inflection points for Mar. 31, 2017

Yesterday’s trades

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

Sell: 2369.50-2367.50
Keyline: 2352.50-2355.50
Buy: 2339.00-2340.25

The ES fell in overnight trading but the decline halted slightly below Nat’s keyline.

Once the day session opened the market moved sharply up almost to the high of the day in the first hour and a half of trading, before retracing roughly to a Fibonacci point.

It subsequently rallied and settled into a consolidation pattern for the rest of the session.

The price never quite reached Nat’s sell level, but the exit at the close of the day session returned a potential profit of about $450 per contract for those who stayed to the end.

Today’s workbook