Mack’s Mid-Morning ES Price Action Chart 05-16-2023

Please note that we have been having some email delivery issues over the last couple of days. If you are not receiving notifications from us, it is likely part of the issue we are currently experiencing. I have someone looking into it, so hopefully we can have it resolved quickly. I will notify everyone when the problem has been resolved.

We have more mixed trading today, although the bias is slightly down at the moment. At some point, prices are going to break one way or the other, and down is the path of least resistance in my opinion. That does not mean prices won’t attempt another run higher though, so go with what the market gives you. Right now, the bias is sideways to slightly down. Just be nimble and ready to reverse or exit when necessary. Never argue with the price action, as you will not win. 🙂

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