Mack’s Mid-Morning ES Price Action Chart 03-27-2024

After rallying higher during the overnight session, prices turned lower at the 8:30 AM CST regular session opening and have attempted to fill the lower gap from the overnight rally. Prices are just a few ticks away from filling that gap as I am typing this post.

If prices bounce from here, this could end up as a range day or prices may even rally. Prices are right at the midline on the tighter gray channel of the daily chart, so that might be a logical place for a bounce, even if only a temporary bounce.

The overall bias is still slightly down for now, but that could be changing if the current support around 5273.00 holds. I would expect mixed trading at times no matter how the day plays out. Be patient and disciplined and wait on good setups that you consider a “sure” thing. If you are sim trading, then take all the trades that meet our criteria, as that is how you get experience and the chance to study your work and tendencies so you can work towards improvements.

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