Mack’s Mid-Morning ES Price Action Chart 03-08-2024

The market was mixed and sideways most of the overnight session but rallied on the unemployment news at 7:30 AM CST. As of now, the trend is still up, but that might be changing as I am typing this up. A measured move target based on the range would be up at 5205.00, but there is a gap on the chart that prices may attempt to fill as well, and that is down at 5157.25.

If prices continue higher, look for them to attempt the measured moved target, but if they turn down, they may attempt to fill the gap. Obviously, those would be first targets, as prices could start trending in either direction and go much higher or much lower.

For now, the market still has an upward bias, just understand that might be changing. We will likely see some choppy and mixed trading today as well, as we tend to get a lot of that lately no matter the market direction.

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