Mack’s Mid-Morning ES Price Action Chart 06-25-2024

While there is a mild upward bias, so far this looks to be a range type day. There is strong resistance around 5530.00, so prices will need to breach that and sustain it before there is any chance of going higher. That is a possibility, but do not get long going into that resistance. Let prices prove they are going higher first.

For now, the bias is sideways to slightly up, but that could change, and the bias could flip back and forth if this indeed is to be a range day. If prices don’t push higher at some point, they will start testing things to the downside. Be ready for mixed trading and anything else that might happen as the day progresses. For now, this is a range.

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