Prices are trending higher as I am typing this up, but overall, it might still be a range type day. Prices filled the overnight gap that was down at 5305.00, so prices could push higher and attempt a second measured leg up now. Respect the overnight highs until we know it will no longer turn prices lower again. For now, the trend and bias are up, but that does not mean this will not be a range day just yet.

Mack’s 2000 Tick ES Chart for 06-05-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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