Prices are mostly range bound this morning, but the overall bias is still slightly down for now. That could change as the day progresses, but it appears prices are pushing lower to test the upsloping trendline on the daily chart. Expect mixed trading and high volatility as the market remains nervous.

Mack’s 2000 Tick ES Chart for 04-16-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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