Mack’s Mid-Morning ES Price Action Chart 02-02-2024

This looks to be another range day, although prices are starting to trend towards the upper side of the channel now. If prices can reach the highs, we will have to see if the overnight highs hold, or if this market will simply keep pushing higher as it has done many other days recently. Just be patient and let the price action guide you. Do not assume anything, but rather wait for confirmation. For now, the short-term trend and bias are both slightly up, although the bigger picture may still be a range. There is likely to be mixed trading no matter how the day turns out.

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