Mid-Morning ES Price Action Chart 03-02-2022

Prices are sideways to slightly up this morning, and if prices are to make a measured move higher, they will first have to get through the resistance level around 4350.00. A measured move is up around 4370.00. Margins were restored to normal today, so the volatility may have subsided for a bit. Just be aware that any sudden news item could send the markets reeling again and volatility could jump higher at any time.

For now, the overall bias is slightly up to sideways, and this looks to be a possible range day. That could see prices racing briskly in both directions and any time of the day, so trade wisely.

A quick glance at the Daily chart shows more of the same with another bullish inside bar thus far today, so this lends favor to what we are seeing so far, which is a sideways to slightly upward bias. This bar could change as the day progresses if this remains a range though, so keep that in mind.

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