Mack’s Mid-Morning ES Price Action Chart 09-05-2023

While this could end up as a range day, prices appear to be attempting a second measured leg down at the moment. Should prices fail, that could lead to a range day or even a reversal to the upside again. For now, the trend and bias are down, but there is some mixed volatility, so strong moves in either direction could still occur. Right now, prices just tested the lows without making a new low and are bouncing, so a range is very possible.

I am a bit behind in my emails due to the long holiday weekend in which I took some time off. I will get caught up over the next day or so, but I might be a bit slot to answer as I will start with the oldest email and work my way forward.

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