Mack’d Mid-Morning ES Price Action Chart 10-22-2024

Prices are trending higher in a very mild channel. The Cyan channel appears valid, but I am not sure on the two-tiered lighter blue channel just yet. Watch it closely and see if it gets confirmed as the day goes forward.

For now, I would call this a sideways to slightly upward biased day. That could change and this might just be another mixed day of sideways action in the end. Follow the price action closely and let it show you what it wants to do. Be careful of getting chopped up in tight ranges and congestion.

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