Mack’s Mid-Morning ES Price Action Chart 11-05-2024
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The market is rallying this morning, and any problematic news items have now been announced. As of now, the trend and bias are both up and there is a nice two-tiered channel in play. Stay with the trend until the chart shows us otherwise. My guess is that the market will be closed prior to any substantial news on how the election is going today, so I do not expect election news to upset the market until later tonight possibly.
You never say never with the markets, because things can change quickly, but as of now, it looks all clear to trade. Just trade wisely if you do and always follow our rules of using tight safety stops at all times. Stay with the trend until the chart shows you differently.
