The volume is low this morning and prices are rangebound for now. This is not uncommon on FOMC days, so don’t be surprised if prices do not move much prior to the news announcement. Make sure you are flat an hour prior to the 1 PM CST news announcement. For now, prices are range bound.

Mack’s Mid-Morning ES Chart for 03-20-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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