Mack’s Mid-Morning ES Price Action Chart 08-09-2024
- Home / Non Member Articles (Free) / Mack’s Mid-Morning ES Price Action Chart 08-09-2024
I thought we might get some follow through buying today, but so far, prices are just range bound. The day is early, so there is still time for anything to happen. Prices could go up, down or sideways today, but the chart is hinting at a retest of the highs at some point.
For now, we follow the price action wherever it goes, and we trade accordingly. Expect mixed trading at times no matter how the day plays out. At the moment, the bias is mostly mixed, although that bias could flip flop back and forth on a range type day. Oddly enough, there was an overhead gap on today’s chart that was just filled, and prices are now pushing lower, so we could see more selling today just as easily as we could see prices rally.
Stay disciplined, use your stops and put them where they belong, while skipping any trades that feel too risky. There will be some good setups with large signal bars, so weigh the risks and trade accordingly as I discussed in yesterday’s YouTube video.
