The sell off from yesterday afternoon as continued into today’s trading. Currently there is a strong down trend, and the selling continues to be heavy. There is a large overhead gap that prices might attempt to fill at some point, but for now the trend and bias are down and down sharply. Should prices start trending to the upside, that overhead gap target would be at 5131.25.

Mack’s 2000 Tick ES Chart for 03-05-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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