Mid-Morning ES Price Action Chart 03-28-2022
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Today looks like more of the same from the past few trading sessions. Prices are mostly sideways with a weak upward bias. If prices can muster up a measured move to the upside, that target would be 4560.00. This could end up as a range day and prices could even turn lower at some point since the daily chart is showing prices to be overbought.
If the recent trend is to continue though, prices will attempt a measured leg up today. Just know that the resistance seems to be getting stronger and at some point, prices will likely turn lower and test the lows of the range at a minimum.
Comments
Songha March 28, 2022 at
Hi Mack,
I am a newbie. Good chart.
Where can I get that envelope band strategy indicator? What does it really do?
If I want to ask question with graphics attached; where do I go and how to attach the chart graphic for questions?
Thanks and Regards,
Ryan
Mack March 28, 2022 at
Ryan, use the forum to post charts and ask questions. You can find the envelope strategy here.