Mid-Morning Report Image

The trend and bias are currently down, so stay with that as long as the downtrend channel stays in play. Note that there is a large overhead gap on the chart due to the lower 8:30 AM CST regular session opening. If prices decide they want to fill that gap at some point today, that target would be all the way up at 7628.25.

For now, the trend and bias are down, although prices have been mostly sideways and mixed since finding a momentary bottom just prior to the 9:00 AM PMI news release. Be careful of the mixed trading but stay with the downtrend if and when it continues again.

Mack’s 2000 Tick ES Chart for 06-03-3036.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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