Prices are mostly mixed, but they are trading higher so far this morning. We could see prices attempt a measured leg up, and if so, that target is just shy of 4800.00. Respect the highs until prices prove they can trade through those levels. For now, the trend and bias are mixed to slightly up, so be prepared for the possibility of more mixed trading no matter how the day turns out longer term.

Mack’s 2000 Tick ES Chart for 01-10-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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