Mack’s Mid-Morning ES Price Action Chart 05-15-2024
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The rally continues today, and prices continue to push higher in what I believe is a retest of the recent highs. Prices are also pushing into overbought territory on the daily chart. That does not mean a correction is coming today, but prices normally correct at some point once they push into the upper bands of the Envelope. For now, the trend and bias are both up, so stay with that until the price action shows us otherwise.
