Mid-Morning ES Price Action Chart 03-07-2022

In looking at the daily chart for some clues as to where prices may be going, it looks to be more of the same, with prices still trending up and down within the small pink range. Prices have moved from the lows to the mid-line already and are now trending lower yet again. If the support continues to hold, then prices may just remain range bound today. This is a large range though, so you can easily trade the trends within the range.

For now, the trend and bias are down, but that may only be temporary if this is indeed going to be a range type day.