Prices trended lower during the overnight session but have found support and started working higher since just after the regular session opening. There is a large gap from the close yesterday to the open this morning at 8:30 AM CST. Prices may attempt to fill that gap (target price 4,800.00), so we could see another rally again today. For now, prices are mixed to slightly up. Should prices start trending lower again, look for a possible measured move down.

Mack’s Mid-Morning ES Chart for 01-09-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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Comments

NLtrading January 9, 2024 at

Hi Mack,
I’m a new subscriber, but a follower of yours for years. Thankyou for all you do and share, love the insightful mid day charts of your analysis of the markets, today’s has been very accurate. I like the drawing tools you supply and some of indicators I’m using as well, for what ever it’s worth Thank you Mack, I’ve learned so much.
Steve.

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    Mack January 11, 2024 at

    Thanks and good trades!

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