Mack’s Mid-Morning ES Price Action Chart 08-10-2023

Mack

Prices rallied strongly after CPI and Unemployment news this morning. However, they have now found resistance around 4545.00 and are mostly sideways now. Prices may be working on a flatter and more...

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Mack’s Mid-Morning ES Price Action Chart 08-09-2023

Mack

The trend and bias have been down this morning, but prices have found support around the 4510.00 price level. If this level holds, we could see a range day or even another...

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Mack’s Mid-Morning ES Price Action Chart 08-08-2023

Mack

After a rally yesterday, the downtrend as started back up again. It does appear that prices were pulling back to test the midline on the daily chart before heading lower once again....

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Mack’s Mid-Morning ES Price Action Chart 08-07-2023

Mack

The trend and bias are slightly up this morning, but also mixed. This could end up as a range day in the end, but for now, there is a slight upward bias...

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Mack’s Mid-Morning ES Price Action Chart 08-02-2023

Mack

The gap down at the 5 PM CST open last night appears to be due to the downgrading of US debt. That type of news can be tough on a market, and...

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Mack’s Mid-Morning ES Price Action Chart 08-01-2023

Mack

Prices are down today, but still mixed at times, so trade wisely and do not force entries. I would call the overall bias down, and it’s possible we will see two measured...

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Mack’s Mid-Morning ES Price Action Chart 07-31-2023

Mack

Prices look range bound again this morning, although they just made a higher high after the last turn off the highs of the range. If prices continue higher from there, that could...

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Mack’s Mid-Morning ES Price Action Chart 07-28-2023

Mack

The trend is up again this morning. As I have said a few times previously, this market just does not want to sell off. Any bearish days are quickly erased it seems....

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Mack’s Mid-Morning ES Price Action Chart 07-27-2023

Mack

The trend was up and up strongly during the overnight session but started selling off soon after the regular session opening. There is a gap on the daily chart, so prices will...

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Mack’s Mid-Morning ES Price Action Chart 07-26-2023

Mack

Today is an FOMC announcement day, and the market appears to be waiting for that news at the moment. So far prices are in a very tight range, which can often be...

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