Mack’s Mid-Morning ES Price Action Chart 11-19-2024

Prices sold off strongly after the building permits missed estimates this morning. However, they have now found a bottom and taken back the sell off. These strong news moves are often erased with a quick reset of prices to the pre-news level and today was no exception.

For now, I would call the bias mildly up but mixed with sideways trading along the way. This might end up being a large range, so stay flexible and follow the price action.

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