Prices rallied further during the overnight session but have gone flat since that point. There is another large overhead gap, so if prices attempt to fill that gap, that target is down at 5093.25. Right now, prices are sideways, but the larger picture bias is still up at this point. That could change as the day progresses though, so stay flexible and follow the price action.

Mack’s 2000 Tick ES Price Action Chart 02-23-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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