Mack’s Mid-Morning ES Price Action Chart 11-16-2023
- Home / Non Member Articles (Free) / Mack’s Mid-Morning ES Price Action Chart 11-16-2023
Today is starting out similar to yesterday with mostly mixed trading. There may be a slight upward bias so far, but that will flip back and forth if the trading remains mixed or until prices start trending in one direction or the other at some point.
In the big picture, the path of least resistance is down, but that doesn’t mean prices will trend lower just yet. This has been a really strong rally, and strong rallies often take time to turn as the momentum wanes slowly in many cases. Do not rush to assumptions or to place trades. Relax and try and get into the flow of prices as they make two moves in each direction in most cases when prices are mixed.
For now, the trend and bias are flat to very weakly up. I would expect mixed trading until you see otherwise. Trade wisely and wait on sure things.
Comments
Buddy November 16, 2023 at
“Do not rush to assumptions or to place trades. Relax and try and get into the flow of prices as they make two moves in each direction”
Pure gold from the master