Mack’s Mid-Morning ES Price Action Chart 04-12-2024
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The trend and bias are down again today. We will have to wait and see if this selloff will stick today or if they will rally it back again before the day is over. We have a close or two outside the down sloping trend line, and prices are very close to making a new low. The question is will that be enough to find a bottom for today, or will prices find a way to keep pushing lower? Be prepared for more volatility and possible sideways action as this is a nervous market that is likely sitting on a powder keg that could blow and push prices in either direction.
