Mack’s Mid-Morning ES Price Action Chart 09-29-2023

Prices rallied during the overnight but have been mixed to slightly down since just after the regular session opening. If prices find a higher low and start trending higher again, we could see a measured leg up. If prices cannot push higher than the current highs, we could see prices range today or even sell off again. It’s Friday, so we could see some unwinding of weekly trades, so that could affect the market and how it reacts before the day is over. For now, the bias is mixed to slightly down. Just understand that bias could flip back and forth all day if the trading remains mixed.

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