Prices are mixed this morning, but there is also an overall downward bias as well. There is an overhead gap on the regular session chart, so prices may attempt to fill that gap at some point. That target would be 5541.00. If prices continued higher from there, the next target would be the overnight highs.

If prices do not fill the gap, we could see more downward movement or even more mixed trading. For now, this looks to be a mixed trading day with the downward bias is still active. Prices appear to be attempting a retest of the lows of the larger blue down channel, so prices may push to a new low for the day.

Mack’s 2000 Tick ES Chart for 06-21-2024.
Mack’d Daily Chart with the Envelope Bands/Strategy.

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