Prices opened lower again this morning leaving another overhead gap on the chart. If prices attempt to fill that gap today, that target is up at 5887.00. Prices appear to have found at least a temporary bottom, as they just bounced off of the lows around 5859.00. For now, prices are mixed and maybe reversing after having an early downward bias. The downtrend could resume again though, so just stay flexible and expect mixed trading until the price action shows us something different.

Note that there were two medium news impacts this morning. Both showed up properly and turned orange at the proper time, so the indicator seems to be working well. I did have to wait a few minutes after my chart loaded and then right click on the chart and then click on “Reload NinjaScript.” However, it loaded right up when doing that and it loaded the proper data.

Mack’s 2000 Tick ES Chart for 10-23-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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