Mack’s Mid-Morning ES Price Action Chart 08-27-2024
- Home / Non Member Articles (Free) / Mack’s Mid-Morning ES Price Action Chart 08-27-2024
This looks to be a possible range day, but how prices react as they retest the highs of the overnight will determine how the day goes most likely. Looking at the daily chart, prices did just bounce off of the mid-line on the larger two-tiered channel again, and they pushed higher, so that is a possible clue that prices may go higher today.
I would expect some mixed prices at times no matter how the day plays out, but as of now, the trend and bias are up, but if the overnight highs hold and we end up in a range, the bias could flip flop back and forth as the day goes on. For the moment, respect the overnight highs and watch for a possible push higher, as longer term, it is my belief that this market is still going to make new highs. Just watch and follow the price action for confirmation of any moves and you will be a step ahead of the majority of traders.
