Prices reversed up early in the overnight session and are still trending higher, so the trend and bias are both up this morning. A pullback to test the EMA from underneath on the daily chart would not be unexpected, so we will have to see if that’s what prices are attempting to do or if we will get more upside movement. For now, the trend and bias are up, so stay with that until the price action shows us otherwise.

Mack’s 2000 Tick ES Price Action Chart for 09-08-2023.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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