Prices are mostly sideways and rangebound so far this morning. There is a small gap on the chart and prices appear to be attempting to fill that as I am typing this up. That target is 5353.50. If prices push higher from there, the next target would be the overnight highs.

Things could change as the day progresses, but for now, I would call this a range with very low volume at the moment. Things are moving slowly right now, but do not get lulled to sleep as that could change at any moment.

Mack’s 2000 Tick ES Chart for 06-10-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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