Mack’s Mid-Day ES Price Action Chart 07-25-2024
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Prices completed a measured move down on the daily chart and also moved well into oversold territory at the same time. After spending the overnight session in a range, prices managed to break lower this morning, although they did eventually find support and are now rallying higher. There is a large gap on the chart this morning, and if prices attempt to fill that gap, that target is up at 5483.25.
The overall bias is mixed right now, but we have seen the bias flip from mixed to down and now from down to up. With the measured move down now complete, we could see prices work higher the rest of the day, but we could also see them continue to remain mixed as well. For the moment, prices are in a rally and back inside the original range. Stay flexible and follow the price action, as the day could work higher or lower, while even remaining mixed.
