Mack’s Mid-Morning ES Price Action Chart 07-19-2024

As of now, prices are range bound, but prices are testing the lows and attempting to break lower out of the range as I am typing this report up. The overnight lows just so happen to be the lows from yesterday as well, so there is some support at that price level and how prices go from here will likely tell us the story of how today will progress. If those lows hold, prices may attempt to turn higher or at least remain mixed in a trading range. If prices manage to push lower and trend outside of the lows, then we could see some follow through selling again today.

No matter how the day goes, expect some mixed trading, as we are likely to see more of that today no matter how the day goes overall in the end. For now, the bias is somewhat down but mixed overall.

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