Prices trended lower early in the overnight session but have gone into a tight range now. The overnight selloff left a large overhead gap on the chart that prices may attempt to fill. If so, that target is up at 5090.25. Prices could also attempt another leg down at some point, but as of now, it’s just sideways to mildly up. With prices still trading inside the overnight highs and lows, we could see more mixed sideways trading, so be ready for anything and keep the overhead gap in mind if prices start pushing higher.

Mack’s 2000 Tick ES Chart 02-28-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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