Mack’s Mid-Morning ES Price Action Chart 07-18-2024

Mack

Prices are mostly sideways today thus far, but they are trending higher at the moment and testing the overnight highs as I am writing this up. Those overnight highs also just happen

Mack’s Mid-Morning ES Price Action Chart 07-17-2024

Mack

Prices are trending lower this morning and I see a spike and channel down at the moment. Prices sold off strongly during the overnight but have now gone into a much flatter

Mack’s Mid-Morning ES Price Action Chart 07-16-2024

Mack

Prices rallied during the overnight session and into the early opening but have now turned lower. The higher opening left a gap on the chart, so prices are likely trying to fill

Mack’s Mid-Morning ES Price Action Chart 07-15-2024

Mack

The trend and bias are up this morning. There is strong resistance around 5700.00 – 5707.00, so watch that price level closely. Be careful getting long into that price level. There is

Mack’s Mid-Morning ES Price Action Chart 07-12-2024

Mack

Prices are rallying back into overbought territory again this morning after turning up right off of the blue trend line on the daily chart. It appears that the blue trend line on

Mack’s Mid-Morning ES Price Action Chart 07-11-2024

Mack

The trend and bias are down today. The CPI news was released today, and it shows cooling inflation. Not that I believe any of their reports, as they are all rigged. However,

Mack’s Mid-Morning ES Price Action Chart 07-10-2024

Mack

This has the look of a spike and channel up, and as of now, the upward trend line is holding. We are still likely to see more mixed trading today, but for

Mack’s Mid-Morning ES Price Action Chart 07-09-2024

Mack

Prices are range bound for now, although that could change as the day progresses. The overall bias long term is up, but the path of least resistance for now is down due

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

Mack

Things are a bit slow this morning with low volume. This is most likely due to a holiday hangover and things will probably pick up as the day progresses. Prices rallied during

July 4th Holiday Correction

Mack

They sent out a correction on the holiday schedule, so it looks like today will be the last day of trading for me this week. The market will stop trading at Noon