Prices rallied during the overnight but are in a strong and steep sell off that started right after the regular session opening. As of now, the market is trending down strongly so stay with the downtrend as long as it remains in play. I do see a break of the trend line now, so a correction might be coming. Stay alert and do not try and pick a bottom.

Mack’d ES Chart for 05-31-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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