Prices look to be range bound at the moment. As I am typing, prices have just turned off the highs and are trending lower, so the bias is slightly down to sideways right now. That bias could change back and forth if this is to be a range day.

Respect the overnight lows until we see how prices are going to react from there. If they push lower and the support does not hold, we could see a trend start to the downside. For now, the trend and bias are both down to somewhat rangebound. For now, it looks like a range, but this day could still go multiple ways, so let the price action show you what it plans to do.

Mack’s 2000 Tick ES Price Action Chart for 10-11-2023.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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