Prices appear to be range bound this morning. There is a gap on the chart and prices appear to be attempting to fill that gap, although prices have gone somewhat sideways as I am typing up this post. The target to fill the gap is 5241.50. Prices could start trending at any time, but as of now, things are sideways to slightly down. Be careful to avoid tight congestion, as you can and will get chopped up trying to trade that type of pattern.

Mack’s 2000 Tick ES Chat for 05-13-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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