Prices are mixed to slightly down at the moment, but things could change as the day progresses. Prices are extremely overbought, so a correction of some kind should come soon, so be aware of that possibility. Today is mixed at the moment, so the bias could flip from up to down multiple times today if prices remain rangebound. Be patient and wait on clear setups until things start trending again, as you can easily get chopped up in these tight ranges.

Tomorrow will be the final mid-morning chart for 2023 and there will be no more chart lessons until January 2024, so plan accordingly. I will work tomorrow and then take the remainder of 2023 off for the Christmas and New Years Holidays here in the US. I hope everyone has a happy and blessed holiday season!

Mack’s 2000 Tick ES Price Action Chart for 12-14-2023.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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