The trend and bias are up again this morning. It looks like a spike and channel up, but I am not so sure about the larger light blue channel just yet, as it has not been confirmed since just after the regular session opening. The shorter-term channels and the darker blue channel certainly appear to be accurate and in-play, so stay with them as long as they continue to hold prices. Let’s see how the larger channel works out before committing to it. For now, the trend and bias are up.

Mack’s 2000 Tick ES Price Action Chart for 06-15-2023.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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