Prices rallied during the overnight session but have not turned lower. There is a large overhead gap on the chart, and prices may attempt to fill that gap. That target is down at 5784.25 if prices should continue to trend lower. For now, the trend and bias are both down, but prices are becoming overbought again, so things could change as the day progresses. Stay flexible and follow the price action.

Mack’d 2000 Tick ES Chart for 09-26-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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