Mack’s Mid-Morning ES Price Action Chart 12-06-2023
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Prices rallied during the overnight but started selling off immediately upon the regular session opening at 8:30 AM CST. The overall bias is down at the moment, but this could still be a range day with mixed trading before it is over. Until prices trend outside of the overnight highs and lows, I would expect mixed trading, as the bias can and will flip back and forth on range days.
At some point, something is going to give, and prices will eventually trend off in one direction or the other, but for now, prices still appear to be stuck in the congestion as noted on the daily chart. Just expect mixed trading until something changes but be flexible and ready to switch gears when it happens.
