Prices are trending higher this morning, and for now, the trend and bias are both up. Stay with the trend until the price action shows us otherwise. We are getting some mixed trading as well but be careful counter trend trading. Look for with trend entries in most cases but note too that the trend could always reverse at some point.

There is a large gap on the chart, and if prices start trending lower in an attempt to fill that gap, that target would be way down at 5694.75.

Mack’s 2000 Tick ES Chart for 09-17-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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