Mack’s Mid-Morning ES Price Action Chart 09-14-2023
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Prices rallied during the overnight only to start selling off just after the regular session opening. It’s been rather mixed since that point, although the bias has been down since that point in time. That could change if this is to be a range day, which is possible. I do see a break of the down trend channel and a new low in place, so a bounce of some kind could now occur.
I would expect more mixed trading, but prices could find a continued trend in one direction or the other before the day is over. Stay flexible and remember to wait on the sure things. In looking at the new contract (Dec 23) daily chart for longer term clues, things just look sideways for now, so not much help really at this point.
Comments
Isabelle September 14, 2023 at
Hello Mack,
I am confused about your statement “In looking at the new contract (Dec 23) daily chart for longer term clues, things just look sideways for now, so not much help really at this point.”. What do you mean by new contract (Dec 23) daily chart? How do you looking at contract on a daily chart?
Thank you, Isabelle.
Mack September 14, 2023 at
We switched to the December contract this week, so I’m referring to that December 2023 daily chart that I posted this morning.
Isabelle September 14, 2023 at
Hello Mack,
Thank you for getting back to me.
Isabelle