Prices sold off during the overnight session but have turned sideways somewhat since that point in time. The overall bias still has a bit of a downward bias, but this could just end up as a range day with mixed trading, as prices are still trading inside the overnight highs and lows. There is an overhead gap up at 5436.25, so prices may attempt to fill that gap at some point today.

For now, the bias is sideways to mixed. Stay flexible, as things can and probably will change as the day progresses. A late rally is always possible as well, so be alert if the downtrend continues for now.

Mack’s 2000 Tick ES Chart for 06-14-2024.

Mack’s Daily Chart with the Envelope Bands/Strategy.

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