Mack’s Mid-Morning ES Price Action Chart 09-06-2024

Prices are in a very strong downtrend at the moment. There is an FOMC speaker talking at 10 AM CST as well. Normally those speeches do not amount to much, but you might be on your toes this morning, as this market is absolutely insane and super volatile.

I am guessing at the low side of the large two-tiered blue down channel, as prices have not found a low on that side of the channel just yet. For now, the trend and bias are both down and down strongly, so stay with it until the market shows us otherwise.

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