So far this morning, it appears we may be looking at more mixed trading and range like action. As of now, the lows around 5764.00 seem to be holding, but prices may test that level again, as I also see a possible downward channel forming. It is a bit too soon to know which pattern is going to win out just yet, so stay flexible and let the price action show you what it plans to do today. For now, I would call the bias down, but mixed, although that downward bias could flip back and forth during the day if this is to be a range day overall.

Mack’s 2000 Tick ES Chart for 09-24-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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