Mack’s Mid-Morning ES Price Action Chart 05-03-2024
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Prices rallied strongly on the unemployment news this morning but are now correcting and taking back that move. The news rally left a gap on the regular session chart, and prices are likely attempting to fill that gap now. That target would be 5111.00.
As of now, this appears to be a large range day. Looking at the daily chart, prices are still trading within the smaller pink channel, so for now, it looks as if that channel is still in play. Things could change as the day progresses, so stay nimble. The trend is down for now, but that could flip flop as the day continues if this is indeed going to be a range day.
Comments
Dgriff09 May 3, 2024 at
Thanks for the insight Mack!! 👍