Mack’s Mid-Morning ES Price Action Chart 11-03-2023

There was almost no movement and very little overnight volume to speak of, but after the 7:30 employment figures came out, the market was off to the races higher once again. This has been a crazy strong rally this week and it looks like it will carry into today as well.

We could see prices back off a bit at some point today, as people may take profits going into the weekend. Wait on confirmation of that thought because as of now, things still look relatively bullish. As of now, the trend and bias are still up, so stay with the uptrend as long as it remains in play.

Just understand that mixed trading and strong volatility can return at any moment, so always be diligent and do not get lulled to sleep.