What started out as a continuation of the strong trend up from yesterday has now turned into mixed trading. The trend and bias are now mixed to slightly up. If the mixed trading continues, the bias may flip back and forth today, with short term trends moving in both directions. The market could start a larger trend in either direction before the day is over, but quick and furious turns in both directions are possible, so stay nimble and be ready for anything while allowing the price action to show you where it intends to go.

Mack’s 2000 Tick ES Price Action Chart for 06-02-2023.
Mack’s Daily Chart with the Envelope Bands/Strategy.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.