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.

Mack’s Mid Morning ES Price Action Chart for 12-06-2019.

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