Mack’s Mid-Morning ES Price Action Chart 10-02-2024
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This is starting off as another range day, but as you have seen lately, that does not mean prices cannot and will not start trending higher or lower at some point. Prices opened lower with an overhead gap, but that gap has now been filled and prices are pushing lower again as I am typing.
If you look at the daily chart, prices turned up right off of the purple center line of the Envelope Bands, which is the 21 EMA, so that might be the low point of this correction. Just be flexible and allow the price action to show you where it wants to go. I would expect mixed prices at times no matter how the day plays out. For now, the trend and bias are up, but that could flip back and forth if this does remain a range type day.
