Prices rallied during the overnight but have gone sideways since just after the regular session opening at 8:30 AM CST. There is a gap on the chart this morning, and if prices attempt to fill that gap, prices will have to trade lower, and that target would be 6066.75. For now, prices are mostly mixed and sideways, but that could change as the day progresses. Follow the price action and allow it to show you what it plans to do, while staying disciplined and waiting on sure things.
Mack’s 2000 Tick ES Chart for 11-04-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.