Mack’s Mid-Morning ES Price Action Chart 06-11-2024

Prices sold off early but reversed and turned up soon after the regular session opening. The market is moving slowly and methodically lately it seems, but it is moving. Prices will likely attempt to fill the overhead gap on the daily chart, and that target will be up at 5369.50. The overnight highs are not much higher than the close, so expect those highs to be the next target should prices fill the gap and continue higher. Should prices fail to reach the overnight highs and turn down again, a measured leg down is possible. For now, the trend and bias are both up.

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