Mack’s Mid-Morning ES Price Action Chart 05-10-2024

Today looks like it might be a range day. Prices are working lower to fill the gap down at 5240.00, which also is the overnight lows as well. Prices turned down right off the midline on the daily chart, but it is difficult to know yet if that is a major turn, or just temporary resistance. Stay with the downtrend as long as it remains in play but respect those overnight lows until prices prove those levels are not holding. The volume remains lower overall, but during regular trading hours, that should not be an issue.

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