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

Prices gapped higher due to the overnight rally, but that gap has already been filled and prices are still trending lower as I am typing this up. Prices have suddenly dropped quickly as I am typing and are now testing the close from yesterday.

This could end up as another range day, but the trend and bias are certainly trending lower for now. Let’s see how prices react once they test the lows (assuming they get there) and that will give us a better idea of how the day will end up. The daily chart is hinting at a reversal type day as of this writing, but that could change depending on if this turns out to be a range day or not.

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