These are mid day charts for premium members to compare what they see to what Mack is seeing.
Due to the passing of my mother, there will be no mid-day report today or Monday. There will also be no chart lesson on Monday. I expect to be back to business as usual on Tuesday. Thanks for the notes and your prayers! Good trades! Mack… This content is for Premium Monthly and Premium Annual...
Prices are rallying this morning, and as of this report, this continues to look as if yesterday was a capitulation day. Prices have taken most of the losses from yesterday back again. We will have to wait and see if this sticks of course, but as of now, prices are rallying and the trend and…...
Prices are trending lower this morning is a rather strong move at the moment. I see a large spike and channel down, so stay with that channel until the chart shows us otherwise. Today is an FOMC announcement Wednesday, so be flat by 12 Noon CST, and do not trade again until after the news…...
Today looks like more of the same really. Prices trended higher during the overnight session but then sold off right at the regular session opening at 8:30 AM CST. Prices are testing the overnight lows as I am typing this up. I do not see any strong rejection just yet, so prices could still go…...
Prices gapped open on Sunday evening when the overnight session started up, thus leaving a large gap on the chart. Prices remained in a small range after that and about 30 minutes into the regular session opening at 8:30 AM CST, where they have now turned down. Most likely in an attempt to fill the…...
So far this morning it looks to be another day of mixed trading. The range is a bit tighter this morning although the volume looks higher again today. We will have to see as the day plays out if the range will hold or if prices can break out and trend in one direction or…...
Today looks like more of the same. Prices trend early, then reverse or just go sideways. Until we can break out of the recent range on the daily chart, this will likely be how the market continues to operate. Note that prices are trading outside of range support at the moment, so unless we get…...
Prices rallied early on and into the early morning regular trading session, but things have turned down now. This could just be a pullback in a bigger move for the day, but we will have to wait and see how this plays out. The volume appears to be down again today, but that could pick…...
If we look to the daily chart this morning, you can see that prices did indeed bounce off of the lows of the recent range, so prices very well may continue sideways in the bigger picture. The day is still early, so things could change at any time, and we could end up going lower,…...
Prices trended upward during the overnight session but turned down just after the 8:30 AM CST regular session opening and are still working lower as I am typing this up. The current channel working down does appear to be playing out, but no reversal has occurred yet, so be careful trading it until we get…...