Mid Morning ES Price Action Chart 12-06-2019

The trend is up and strongly this morning. The larger two tiered channel working up has flattened out and gone into a tighter and flatter channel for now. There is also a break of the larger channel as well. We will have to see if the flatter channel will continue working higher or if prices may stall out if and when a new high is in place.

For now though, the trend and bias are up, so stay with that until prices show us otherwise.