Price Action Trading

Mack’s Mid-Morning ES Chart 06-05-2026

Mid-Morning Report Image
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Prices are trending lower so far this morning. Note that prices traded down to the lower upsloping trendline and turned up off of that point, so maybe prices have found a bottom for now? That does not mean prices will rally today, although they could before the day is over. It may just mean that we have a bottom in and prices could still chop around sideways the remainder of the day. Just follow the price action and stick with the downtrend until the chart shows us otherwise.

ES 06 26 2000 Tick 2026 06 05 9 19 01 AM 1024x547
Mack’s 2000 Tick ES Chart for 06-05-2026.
2026 06 05 9 19 21 AM 1024x547
Mack’s Daily Chart with the Envelope Bands/Strategy.

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