Mack’s Mid-Morning ES Price Action Chart 02-08-2024

So far it has been a low volume sideways morning with no direction really. Nothing new, as almost every day starts out like this lately. Anything is possible before the day is over, so stay flexible, but for now, the trend and bias are sideways and mixed. Obviously, there is a higher-level upward bias that has been pushing this market higher for weeks, so do not overlook that fact, as this market could push higher at any time. The market is overbought, but there is still room for some more upward movement, so just do not assume prices cannot go higher still. Follow the price action, as anything is possible right now.

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