Prices rallied some during the overnight session but have been mostly sideways to down since the regular session opening at 8:30 AM CST. At the moment, this looks to be a range type day, but that could change as the day progresses, so stay flexible and be careful trading in tight congestion. There is strong resistance around the 5272.00 – 5273.00 price level at the moment, so prices will need to prove they can work through that before they can go higher.
Mack’s 2000 Tick ES Chart for 05-30-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.