At the moment, prices are trending lower, and the selling has returned, although not nearly the same volatility we were seeing. That does not mean things cannot and will not pick up to the downside again, but as of now, this looks more reasonable with slightly less volatility this morning. I also see a break […]
Prices have a mild upward bias so far this morning, but they are still struggling to go higher and are mostly rangebound for now. Note that there is an FOMC minutes release at 1 PM CST today, and that could send the market off in either direction again, so be flat an hour prior to
The market was rallying most of this morning. As usual, after a cleansing of the weak hands, the market snaps back. Now it may only be temporary, but this is what happens, even in strong bear markets. Traders get emotional and worried because of fear and greed, and they make irrational decisions. Even with the
This market is absolutely in turmoil at the moment. It’s what I would call an emotionally driven market, so it can be very dangerous to even trade it on a small account. If you are new to trading live, I would suggest you switch to the simulator and only sim trade now, as you could
It appears the selling is not over yet, as we are starting off with another huge selloff this morning. Prices are still trading within the overnight highs and lows, so maybe the lows will hold? Do not be surprised if they do not hold, but this market is massively oversold and when a rally comes,
Prices continued lower during the overnight session and are now testing the overnight lows. So far, those lows have held, but we will have to see if prices will turn higher or eventually push lower, so be careful trading around the overnight support level without a good setup. Looking at the daily chart, we almost
Today looks very similar to yesterday. Prices traded down early only to reverse and are now trending higher. Prices are still trading inside the overnight highs and lows, so this could end up as a range day in the end. Stay with the uptrend for now, but if this is to be a range day,
Prices have been mostly sideways during the overnight session but dropped below the overnight lows for a bit after the 8:30 AM CST regular session opening. While prices failed on the breakout, they are now testing the range support again, so we will have to see if the range lows will now act as resistance
Mack’s Mid-Morning ES Price Action Chart 04-01-2025 Read More »
Prices gapped lower, and after some sideways consolidation, they trended down even lower where it appears prices have found at least momentary support. There is a large gap on the chart, and if prices continue trending higher in an attempt to fill that gap, that target is up at 5602.50. Note that this gap down
Prices are trending lower and strongly so this morning. It now appears prices are headed down to retest the previous lows on the daily chart. There is a large overhead gap on today’s chart. It does not appear that prices would fill that today, but you never know. Prices could always find a low and