Mack’s Mid-Morning ES Price Action Chart 02-21-2024

Thus far, today appears to be a range day. That could change, but as of now, prices are mixed and mostly sideways. There is an overhead gap, so prices may attempt to fill that gap at some point. That target is 4990.00. There is an FOMC news item at 1 PM CST, but it is a minute’s release. That doesn’t mean we won’t see some movement, but it is normally nothing like the rate announcement news release where you need to be flat an hour prior. For now, things are flat, and prices are sideways.

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