Today feels like more of the same. Prices appear to be rangebound again today, with more mixed trading. I would continue to trade this the same way as we have over the past few weeks. Trade it as mixed trading, using the short-term trends to keep you on the right side of the trade. Watch for quick turns and strong momentum in both directions at times. Be patient and wait on good setups. The trend and bias are sideways to slightly down at the moment, but that could change multiple times throughout the day if prices remain mixed. Prices could always start trending at some point, so stay flexible.

Mack’s 2000 Tick ES Price Action Chart for 06-07-2023.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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