Mack’s Mid-Morning ES Price Action chart 09-15-2023

After an early sell off, prices have been mostly sideways for the last 30 minutes or so. The overall bias is still down at the moment, but this down trend could be playing out since there is a break of the trendline and a new low in place now. Prices often just correct a bit and then find another trend channel on strong trend days, so more downward action could be coming. Just be careful getting short right into the lows, as you could get yourself in trouble that way. Be patient and wait on the best setups.

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