Mack’s Mid-Morning ES Price Action Chart 04-05-2024

Prices remained rangebound for most of the overnight session but broke out and higher just after the regular session opening. As of now, that breakout has failed, and prices are trading back inside the range again. There is a slight upward bias overall, but that could be changing if prices start trending lower within the range. I would expect mixed trading today no matter how the day ends up overall. For now, I would say this is still a range with a mild upward bias that could go either way as the day progresses. If prices manage to push higher out of the range, look for a measured move up based on the width of the range.

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