The trend and bias are up so far this morning, but prices have found at least temporary resistance around 4760.00. We will have to see if the trend will end there, or if we can find support and get the rally moving higher again. I would expect some mixed trading no matter how the day turns out. For now, the trend and bias are still up, but that could be changing, so stay flexible.

Mack’s 2000 Tick ES Price Action Chart for 01-05-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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