Mack’s Mid-Morning ES Price Action Chart 08-28-2024

So far this looks to be a range day. There was a slight downward bias most of the early morning, but once prices reached the overnight lows, they bounced. That does not mean prices cannot go lower still, but as of now, this is looking like a range day. Prices could even turn higher at some point and start trending upwards, but it is a bit early to know for sure how things will play out today. For now, the trend and bias are sideways to slightly down.

Looking at the daily chart, this looks more like consolidation before prices go higher, rather than any topping action. However, we need to see prices prove that out before we make any decisions on higher prices just yet.

Share on Facebook

Tweet

Follow us

Save