Mack’s Mid-Morning ES Price Action Chart 03-22-24
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Today is mostly sideways range action so far. There is an overhead gap on today’s chart, and if prices are to fill that gap, that target is inside the range and up at 5307.50. If prices have finally found the high of the channel on the daily chart, we could see some type of correction on a bigger scale. I’m not saying a long-term correction or reversal yet, but just a correction that lasts more than a day or two like we have been seeing lately. We will have to see how things play out to know for sure, but that’s a possibility “if” we have finally reached the top of the channel on that daily chart.
Regardless of what happens, follow the price action and allow it to show you what it wants to do. Never guess or trade what you think. Always trade what you see on the chart, and if you are unsure, never take a trade. Unless you see a sure thing, sit tight and be patient if you are trading live. If you are sim trading and learning, take every trade you think is a sure thing based on our strategy and let it play out, then study those trades diligently and learn from them. As I discussed in the YouTube video yesterday, sim trading like this is what makes you better, as you need that screen time and trading experience.
