So far this looks to be a range day. Prices could break out and trend at some point, but as of now, I would say prices are mixed and rangebound. There is a mild upward bias as I am typing this up, but if prices do not push higher and continue to trend higher, they will go from up do down and down to up again as they go back and forth testing support and resistance.

Be flexible and ready for anything, but as of now, this looks like a range unless the current breakout that is occurring as I am typing this up is successful in moving higher and continuing to trend.

Mack’s 2000 Tick ES Chart for 12-10-2024.
Mack’s Daily Chart with the Envelope Band/Strategy.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.