Mack’s Mid-Morning ES Price Action Chart 06-04-2024
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Prices have been trending upwards but are also somewhat mixed and sideways so far this morning. As prices are still trading inside the overnight highs and lows, this could end up as a range day or at least a range for some period of time. For now, I would call the bias mildly upwards, but that could change more than once if the day is to be a range day overall.
There is an overhead gap on the daily chart, so prices are most likely attempting to fill that gap. That target is at 5300.50, which is very close to the overnight highs. If prices push through the highs and continue upwards, yesterday’s highs would be the next target. Stay flexible and expect mixed trading no matter how the day plays out. Also, watch for the after reversals that have appeared the past couple of trading days, as you do not want to get caught off guard with a serious reversal of some kind.
