Mid Day Chart 2-27-2015

While I see a clear two tiered channel working lower, it is so flat that it is more like a range type day than a trend day really at this point in time.  The bias is slightly down, but on range days, you can play both sides of the range if you get good set ups near the highs and lows of the main support and resistance areas.

Just be sure to draw your shorter term trend lines and channels, as they help tremendously if you can find them consistently and read them properly.

Mack's Mid Day ES Chart for 2-27-2015.

Mack’s Mid Day ES Chart for 2-27-2015.