Mack’s Mid-Morning ES Price Action Chart 08-06-2024

So far this looks to be a range type day. Prices have been trending higher since just after the regular session opening but are finding resistance before reaching the overnight highs. It looks like prices are still wanting to go higher though. As I am typing this up, the mid-line of the range was just tested and that held prices, sending them higher again.

No matter how the day plays out, expect mixed trading off and on during the day. For now, I would call the bias up, but that could change back and forth if the day turns out to be a mixed range day. Stay with the uptrend until the chart shows us otherwise.

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