Mid Morning ES Price Action Chart 04-22-2019

The price action looks like it may be setting up to be a range type day. Price are trading in the middle of the overnight highs and lows at the moment, which tells us this is a possible range type day.

We could see prices start another leg down, but respect the overnight lows until they prove that they are no longer holding and we will indeed see a 2nd leg down.

Use your shorter term trend lines to help keep you focused on the current and short term directions. Prices are still hovering around the 2900.00 price level, and that is common to see prices test that price level for a bit before deciding on where they are going next.

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