Mid-Morning ES Price Action Chart 03-18-2022
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The rally has continued today, and prices are trading above the resistance of the range on the daily chart as well. For now, the trend and bias are up, although we could see prices turn down at any time. The volatility seems a bit slower the last couple of days as well, although I doubt we have seen the last of it just yet. For now there is a blue two-tired channel working higher and it is still in play as of this posting.
Today will be the last day I post the March daily contract, as I will move to the June daily on Monday. I hope everyone had a great trading week and that you have a good weekend as well.
Comments
William Lee March 18, 2022 at
Hey Mack! Because of your mid day chart today I’m able to close out my Friday with 2 winners. Had it not been for your mid day chart I may not have taken any trades. I had my trend drawn off a couple of the higher swings than the ones you chose. I was looking for a significant retest of the highs but by around 9:40 I was beginning to think we may continue to trend down. Then I saw the channel you had and saw the 2 almost perfect measured legs down and the rest is history. I still have a lot to learn but with your help I’m feeling more and more confident I’ll continue to improve. THANK YOU for all you do.
Mack March 18, 2022 at
That’s great, glad the charts are helping you.