Mack’s Mid-Morning ES Price Action Chart 09-16-2024

If you haven’t rolled over to the December contract, I would do so today. Prices appear to be rangebound as of this report, but that could change as the day progresses. Respect the highs and lows of the range until prices show us otherwise.

As we have seen lately prices can start off in any direction and be racing in the opposite direction, or even racing in up and down in both directions at times. Things are volatile and will probably remain that way for a while. Trade smart with discipline and patience and wait on good setups. For now, the trend and bias are mixed to slightly down, but that down trend could accelerate or maybe even flip flop as the day progresses if this is to be a range day.

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