Mack’s Mid-Morning ES Price Action Chart 10-02-2023
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Prices trended down strongly during the overnight session but have gone mixed and mostly sideways since the regular session opening at 8:30 AM CST. The bias is still slightly down to mostly mixed as I am typing this up. There was a bit of a rally at the open, but prices were likely trying to fill the gap from Friday on the regular session chart. That gap has been filled now and while prices are still mixed, they are working lower for the moment.
Some of the oversold conditions were relieved with the rally Thursday and Friday morning, although it won’t take long to get into oversold territory if prices start pushing lower again. For now, the trading is mixed, so respect the trend until something changes.
