Mack's Daily Chart with the Envelope Band/Strtegy.
Today looks very similar to yesterday’s price action. Prices trended higher during the overnight session, only to find resistance and start working sideways after the regular session opening. Prices just found resistance...
Prices rallied during the overnight session but are finding resistance and mostly only moving sideways since the regular session opening. The overnight rally has left a gap on the chart, so I...
It looks to be another range type day today so far. Prices could push for another leg down, but it is a bit early to know that for certain. If prices push...
So far there looks to be mixed trading today. There is strong resistance around 4035.00, but prices did trade up into these levels, so it is difficult to know if this is...
Prices sold off during the overnight session but have been sideways since just prior to the regular session opening at 8:30 AM CST. I would expect that today will bring more mixed...
Prices are rebounding some after the large sell off yesterday. Some consolidation after a large sell off like that is not unexpected. We could see prices continue to rally as the day...
The volume and volatility are really low so far this morning, but that is not totally unexpected due to the fact that there will be an FOMC rate decision at 1 PM...
Prices continued to rally during the overnight session but have gone flat since just after the regular session opening at 8:30 AM CST. As I am writing this up, I would call...
The trend and bias are up, although it is a weak spike and channel pattern that is almost sideways. The trend is mixed enough for now that you can trade it both...