Mack’s Mid-Morning ES Price Action Chart 07-18-2024

Prices are mostly sideways today thus far, but they are trending higher at the moment and testing the overnight highs as I am writing this up. Those overnight highs also just happen to be right along the price line of the blue trend line on our daily chart. If prices find resistance off of that upsloping blue trendline, we may see some more selling today. If prices push back through and hold, we will probably get another attempted test of the current highs on the daily chart.

For now, it looks to be range type price action, so stay with that until the price action shows us otherwise.