Prices have been mixed again this morning, and the volatility appears to be gaining momentum again the last few days. This day feels much like yesterday. Prices trended lower early, only to reverse and go higher again. This pattern could happen again today, but just be careful not to get fooled, as that is how the market will often surprise you. It will form a daily pattern for a few days, start off similar one day and suddenly switch gears on you and catch you trying to apply the previous pattern and trading thoughts. Do not let the market fool you. Follow the price action and use the rules we give and teach you to stay on the correct side of your trades.

For now, this looks like a possible range day that will give us more mixed trading but stay flexible as I discussed above.

Mack’s 2000 Tick ES Chart for 11-21-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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