Mack’s Mid-Morning ES Price Action Chart 08-09-2024

Mack

I thought we might get some follow through buying today, but so far, prices are just range bound. The day is early, so there is still time for anything to happen. Prices

Mack’s Mid-Morning ES Price Action Chart 08-02-24

Mack

Prices are rallying again this morning. Will we see them find resistance and turn down again though? It is very possible, as there are still a lot of unknowns with our politics,

Mack’s Mid-Morning ES Price Action Chart 08-07-2024

Mack

Prices have continued to rally so far today. Prices did find resistance around 5359.00 before backing off and moving lower again, so we may see prices become mixed again from here and

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

Mack

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

Mack’s Mid-Morning ES Price Action Chart 08-05-2024

Mack

The overnight session saw more heavy selling, probably in sympathy with the Asian markets that were selling off heavily as well. Prices are trading well outside of the trendline on the daily

Mack’s Mid-Morning ES Price Action Chart 08-02-2024

Mack

The downtrend continues today so far. Prices have moved all the way to the lower trend line on the daily chart, so if they find support there, we could see prices bounce

Mack’s Mid-Morning ES Price Action Chart 08-01-2024

Mack

Prices are currently in a strong sell off, but it is still possible that this could end up as a range day. Prices were mostly sideways and rangebound until making a new

Mack’s Mid-Morning ES Price Action Chart 07-31-2024

Mack

Today is an FOMC announcement day. I believe the markets are banking on a rate cut today, but no matter how things turn out, it will likely be a very volatile afternoon.

Mack’s Mid-Morning ES Price Action Chart 07-30-2024

Mack

Prices are mostly down this morning, but this could still end up as a mixed trading day. We will need to see how prices react once they test the overnight lows. For

Mack’s Mid-Morning ES Price Action Chart 07-29-2024

Mack

Prices are mostly range bound this morning. After working higher during the overnight session, prices have now gone sideways. Until something changes, expect mixed prices and range like action. It is easy