Mack’s Mid-Morning ES Price Action Chart 07-26-2024
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Prices trended higher during the overnight session but have gone more sideways since the regular session opening. The bias at the moment still has an upward slant, but we could continue to see mostly mixed trading. For now, error to the bias, which is up, but as long as prices remain mixed, you can trade it both ways.
It appears as it prices may push higher right as I am typing this up, and if that happens, we could see a measured leg up similar to the overnight leg up. There is a large gap on the chart as well, so if prices were to start trending lower, that might be a target before the day is over. That target is down at 5444.75. For now, stay with the bias, but just be flexible, as this market can and might flip flop on you before the day is over.
