Mack’s Mid-Morning ES Price Action Chart 08-13-2024

Prices started off trending higher again this morning, only to go into a correction just after the 8:30 AM CST regular session opening. There is a large gap on the chart, so prices may try to fill that gap. That target would be down at 5368.00. If prices cannot fill that gap, we could see prices start rallying again.

I’m still leaning towards prices moving higher in the near term, but we do not trade on what we think, we trade on what we see on the chart, so stay with the price action and let it dictate your actions. Expect possible mixed trading no matter how the day plays out.

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