The trend and bias are down at the moment. Prices have pushed below the recent support on the daily chart as well, so we will have to see if they can close below that level or not today. If the recent trends continue, we could see a rally back above that level before the day is over. For now, the trend and bias are down, so stay with it until the price action shows us otherwise.

Mack’s 2000 Tick ES Price Action Chart for 09-19-2023.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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