Mack’s Mid-Morning ES Price Action Chart 09-04-2024

Prices rallied into the 9:00 AM CST Job Openings Report. Since that point, prices have been volatile and mixed, with no sense of long-term direction. It seems job openings have slipped to the lowest levels since January of 2021. The sad thing is, they will revise this later, and the numbers will be worse than we were told. Every job report they have released over the last couple of years is inflated and later revised to show things are not nearly as rosy as we are being told. You cannot believe anything they tell us, as it is all a mirage.

For now, prices are mixed. This day could still go up down or continue sideways, so trade wisely and do not get whipsawed.