Mack’s Mid-Morning ES Price Action Chart 05-20-2024

Prices are trending higher again this morning. The volume remains low, and prices are in overbought territory, so be aware of the possibility of a correction sometime soon. That could come today or some other time, so trade what you see, and just be careful getting long into the highs of the day. Let the price action show you what it wants to do and where it wants to go and wait on good setups.

For now, the trend and bias are up, although that could change at any time today.