Mid-Morning Report Image

Prices are mildly down and mixed, although this could end up as another sideways range type day in the end. At the moment, there is still a mild downward bias with some mixed trading as well, but if this is to be a range day, prices could reverse and trend higher at some point. Stay with the downtrend but respect the lows until prices prove they are going to continue to trend in one direction or the other. For now, I am calling this mixed trading with a downward bias.

Mack’s 2000 Tick ES Chart for 05-27-2027.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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