Mack’s Mid-Morning ES Price Action Chart 05-30-2023
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There is a chance that today will end up as a range day, but at the moment, the trend and bias are down. I do see a break of the down trendline and a new low in place, so that could keep the early range going with the new low simply being a failed break lower.
On the other hand, if prices do not bounce higher off the current lows, then we could see prices continue to trend lower. Let’s see how things play out from here and then you can have a better feel for how the day might play out overall. For now, the trend and bias are down to slightly mixed. No matter how the day plays out overall, mixed trading is likely.
I am back in the office with a normal schedule today. I do have a doctor’s appointment this week, but it should not interfere with any of our normal activities. Please be patient with me as I try and work through a lot of emails in my inbox.
