Today looks to be another range day for now. That does not mean prices cannot or will not break out or trend later, but for now, prices are just mixed with no real direction. Respect the overnight highs and lows until prices prove they are no longer holding and guard against getting whipsawed inside the range, as prices have no real direction at the moment.

Mack’s 2000 Tick ES Price Action Chart 02-27-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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