So far, it is just another low volume choppy trading day. Prices are in a tight range with little movement at the moment. That may change as the day progresses, but for now, be careful trading this type of price action as you can easily get fooled and chopped up. Hopefully we will get some movement now that the 9:00 AM CST news items are out of the way. Just be disciplined and patient and do not force any trades in this type of price action.

Mack’s 2000 Tick ES Chart for 01-30-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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