Mack’s Mid-Morning ES Price Action Chart 04-17-2024
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It looks as if prices are still attempting to test the long-term upsloping trend line on the daily chart, so that is likely our first target. They rallied prices during the thin volume overnight, only to see prices sell off again immediately upon the regular session opening at 8:30 AM CST. I would expect mixed trading no matter how the day plays out. Watch the trendline on the daily chart, as that will tell the tale as to whether prices are going lower, or if we will find some support and a bounce there.
Just a reminder that I start my vacation tomorrow morning and I will be gone the rest of this week and all of next week. Please hold any trading questions until I return, as I will not attempt to answer them if they come in during my time off.
Keep the wheels on while I am away and expect more volatility and craziness. Good trades all!
Comments
Scott April 17, 2024 at
Thanks, Mack! Have a great vaca!!