The trend and bias are down this morning and the sell off seems to be picking up steam. The market was extremely overbought, so a correction was likely to come soon. In looking to the daily chart, it seems my guess of the market finding a high and turning point was correct, so a pullback to the midline on the daily chart at a minimum might be expected. Let the charts and price action show you where they plan to go though, and never trade on your expectations alone.

The current channel on the 2000 tick chart is slightly tricky, although I believe that my light blue channel is correct. If prices should push lower still yet, it might need some tweaking, but for now, assume it to be correct and let’s wait and see how this plays out.

Stay with the downtrend, but do not be surprised by quick reversals that generate nice corrections should they occur. For now, the trend and bias are down.

Mack’s 2000 Tick ES Price Action Chart for 06-20-2023.
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Your email address will not be published.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.

Comments

Jay Starks June 20, 2023 at

Your daily updates have suddenly started appearing in my Spam mail. I checked settings in Gmail and your emails are not listed or displayed? Not sure what might have changed. I had thought that perhaps there was easy fix in settings, not so.
Gmail says your mailings are not cleared? Any ideas?

Reply

    Mack June 21, 2023 at

    Anything with a link these days is suspect it seems. We also had to lower our spam settings, which gives google additional concerns. You have to whitelist both PATs and feedblitz.com, as feedblitz delivers a lot of our bulk mail. When we had maximum spoof settings, our bulk mail would not deliver at all, so we relaxed them, which now allows bulk mail through, but because of the relaxed settings, they now send some of our direct mail to spam. It’s a doubled edged sword and emails are getting harder to deliver these days.

    Reply

euphaedra June 20, 2023 at

Right click on the email and select “Not Spam”.
It seems like Google has automatically detected emails from this domain as spam. When I tried to “Report as not spam”, I got displayed the following in a pop up

We have identified this message as a potential phishing attack. If you believe this message is not a phishing attack, please select “Report Not Phishing Message” below. Reporting that this message is not a phishing attack will send the entire message to our team for review, so that we can continue to improve our phishing detection system.

Reply

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.