Prices still have a mild upward bias so far this morning, but this might end up as a range or even reverse into a downtrend. Watch the highs of the overnight as that should tell the tale. If prices cannot successfully breach that resistance level, then that is not a good sign. If price can
Mack’s Mid-Morning ES Price Action Chart 03-25-2025 Read More »
Prices are rallying strongly so far today. This is a good example of a trend continuation after a break and small correction. Many times, a trend will start off too strong, and you will get a break of the trend line that just forms a flatter healthier trend, because the original trend was too steep,
I go over a few more student live trades, including a losing trade in which the student talks through his own loss and figures out exactly what he did wrong.
Prices trended lower most of the overnight and into the regular session opening where they have been mostly sideways since then. There is a mild upward bias to the sideways action, but nothing yet that would lead me to believe prices are going to rally back today. That does not mean prices cannot or will
Prices are rallying this morning. The bias and trend are up! Any gaps have been filled, and the current trend is still in play, so stay with it until the price action shows us otherwise.
Prices started out in a quiet and low volume range but eventually broke higher and move a perfect measured move based on the width of the original range. As of now, prices are in a tight range near the highs of the measured move. I would call the bias mildly up, but that could be
The market is trending lower this morning, although I do see a convincing break of the trend line at this point. A retest of the lows is likely, but we could see prices rally after that. There is also a gap lower this morning, so prices may rally in an attempt to fill the gap
Today is roll over day, so go ahead and roll to June if you haven’t already done so. Prices are attempting to rally today but have gone somewhat sideways over the past hour. Prices are still severely oversold, but so far, the markets have failed to gain any traction to the upside. There is a
Prices rallied overnight and into the early morning, right up until the consumer sentiment reports came out at 9 AM CST, when they suddenly turned lower and more mixed. The rally left a large overhead gap on the chart, so prices may attempt to turn lower and fill that gap. If so, that target is
The market remains very oversold, but so far, it only looks as if we are seeing more consolidation, which means possible acceptance of prices at this level. We need to see some rejection and a rally off of these lows before we get too excited about the sell off being over just yet. It’s possible