Mack’s Mid-Morning ES Price Action Chart 11-06-2023

Prices are mostly flat today. The volume and volatility seem a bit flat as well, so keep that in mind. Obviously, volatility and volume can come back at any time, so stay focused and do not get lulled to sleep. For now, the bias is sideways to mildly down, but if this remains a range day, things can flip back and forth from up to down as prices move from the highs to lows and lows to high of the range.

We could see prices start trending in either direction at any time, but for now, things appear mostly sideways. The recent rally has been strong, but that is not uncommon, even in strong bear markets. With so much negativity hanging over the market, anything is possible, so be nimble and stay alert to any sudden moves in either direction.

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