Mack’s Mid-Morning ES Price Action Chart 08-24-2023
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Prices turned lower off of the midline of the daily chart and have sold off strongly this morning. For now, the trend and bias are down, although I see a break and a new low on the main trend channel working lower. It’s possible that prices will attempt another leg down with the khaki-colored channel, so keep an eye on it and stay with it as long as it is in play.
