Mid-Morning ES Price Action Chart 03-21-2022
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Today has the feel of topping action, as prices have rallied for 5 consecutive days reaching a new high in this move just after the regular session opening this morning, only to sell off from that point. Prices have corrected for the past hour trending lower, but there is strong support around 4440.00. Should the 4440.00 price level give way, I would suspect we will see lower prices today.
For now, the trend and bias are down although it could still be a range type day. If the support at 4440 should hold, we could even see prices continue to attempt to push higher today in the end. For now, the bias is down, even if only temporarily.
