Mack’s Mid-Morning ES Price Action Chart 01-04-2024

Prices appear to be mixed again so far this morning. Prices have been rallying off the lows since just after the regular session opening at 8:30 AM CST, so the trend and bias are up mildly for the moment. If this is to be a range day, prices will probably turn lower again here at the highs of the range.

If you look to the daily chart, prices did bounce off of the EMA, so we could see a bounce here for the day, even if only a temporary bounce. Stay flexible and follow the price action. Let it show you what it intends to do, and until it is clear where prices are going next, sit patiently and do nothing.

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