Mack’s Mid-Morning ES Price Action Chart 06-16-2023
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It looks like Monday will be a holiday, so no trading on Monday due to the Juneteenth holiday trading schedule. Enjoy the long weekend!
Prices are mixed today, but there is still an upward bias, so trade accordingly. Prices could continue higher, but they are also severely overbought, so a correction is due soon. Timing corrections is very difficult though, so do not try to pick a top. I would expect the possibility of strong swings in both directions today. Prices could continue to push higher, but a turn down is likely at some point very soon.
