Prices are rallying back into overbought territory again this morning after turning up right off of the blue trend line on the daily chart. It appears that the blue trend line on the daily chart is still in play at this point. For now, the trend and bias are both up. That could change as the day progresses but stay with the uptrend as long as it remains in play. Let the price action guide you in the end.

Mack’s Mid-Morning ES Chart for 07-12-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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