Prices are rallying higher, but this could end up as a range day. The key will be how prices react at the overnight highs. If prices can push higher above that price level, we could see them continue to rally, but if the overnight highs hold, we could see prices turn lower or maybe even see a range day with mixed trading.

Mack’s Mid-Morning ES Price Action Chat 08-12-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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