Mack’s Mid-Morning ES Price Action Chart 06-18-2024

Prices appear to be range bound at this point in time, but as we have seen lately, that can change drastically before the day is over. At the moment, prices appear to be attempting to fill the lower gap on the daily chart. That target is 5547.25. If prices continue lower from there, the next target will be the overnight lows.

Prices are definitely in overbought territory, so a correction is due, but that also doesn’t mean it is coming today, so follow the price action and respect the current highs and lows until prices prove they are no longer in play.

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