Mack’s Mid-Morning ES Price Action Chart 04-30-2024
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Prices are rangebound again today so far. There is an overhead gap on today’s chart, and if prices can push higher to fill that gap, that first target would be at 5147.25. Tomorrow is an FOMC rate announcement day, so prices may flounder today with mixed trading as traders wait on the outcome of that report. Be prepared for mixed trading no matter how the day turns out. Prices could end up trending at some point, but an attempt to fill the gap and a lot of mixed trading is the likely outcome today. Just follow the price action and let it dictate your trading decisions.
