Mid-Morning ES Price Action Chart 03-31-2022
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The trend and bias are down this morning, but prices have been mostly sideways since just after the regular session opening. Prices have been overbought for days now, so a correction is overdue and today might be that day. This could end up as a range day or even a day where we see prices find support again and trend higher yet still, but for now, the bias is mildly down to sideways.
If the support gives way, we could see prices attempt a measured leg down. There is also the gap on the chart from a few days back that prices could still attempt to fill at some point. We have had a nice run higher over the past two weeks, so a correction is coming at some point, but let the price action show you and do not attempt to guess at things.
I am taking off the remainder of the day and weekend, so I will be out of pocket for a few days. I hope everyone has a great weekend and I will be back on Monday.
Comments
highbob123 March 31, 2022 at
have a great time Mack ! Thank you!!
redneck4Christ March 31, 2022 at
Take care, Mack – vaya con Dios. Glad to hear you are well and taking some time off to refresh. I hope you have a super long weekend and can recharge your batteries. Thanks for all you do!
Aidendamian March 31, 2022 at
easy mack
Engr001 March 31, 2022 at
Thanks Mack
All that you do for us is appreciated, thank you.
Enjoy your rest and relaxation.
garrett March 31, 2022 at
Have a great weekend, Mack👍🏼