Mack’s Mid-Morning ES Price Action Chart 06-26-2024

Looking at the daily chart, prices traded down and then bounced right off of the current trend line. There was an overhead gap on the regular session daily chart as well, and prices filled that almost to the tick before turning lower again. We could see prices attempt another measured leg down similar to the overnight leg down, but if the daily trendline holds, prices will likely turn higher before the day is over. This could still end up as a range type day, but that trend line on the daily chart will tell the tale as to where we are heading short term, and as of now, that trendline is holding.

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