Mack’s Mid-Morning ES Price Action Chart 10-12-2023
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The trend and bias are down this morning. The blue two-tiered channel working lower does have a break of the trendline and a new low in place, so things could go sideways are even rally again. Often times a new downtrend can start up again after some consolidation or a small correction, so do not get fooled trying to guess where prices are going. Be patient and let the price action show you what it intends to do.
