Prices looked much the same today as yesterday, but they finally managed to push lower today. It will be interesting to see if the lower prices will hold today or if we will get another bounce. There was another small overhead gap from the close yesterday until the open today, but that was filled rather quickly before prices pushed lower again. For now, the trend and bias are both down, but mixed trading is a strong possibility, so be prepared for anything to happen.

Mack’s 2000 Tick ES Price Action Chart for 01-03-2023.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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