Today is mixed so far, and it looks as if we are going to see a lot of short trends both up and down for now. You can trade this both ways for now but be alert to any quick reversals that can whipsaw you and move against you quickly.

If prices start trending in either direction, stay with the trend, but for now, you can trade this both ways, just be patient and be wise. We are starting a new month (June) and we will be rolling to the September contract in a couple of weeks.

Mack’s 2000 Tick ES Price Action Chart for 06-01-2023.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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