Rollover to the June contract starts today, but do not roll today. Normally the volume will not roll until Friday, and rarely, it might even be on Monday’s, so we will not roll over until the volume rolls.
Prices trended lower during the overnight session but found support and bounced for a bit. The bias is still down at this point, but this could end up as a range day. If the support continues to hold, prices will likely trend in both directions and could even turn higher again.
For now, the bias is still down. If prices continue to push lower and the support gives way, you could see a possible measured move down, so watch for that possibility. For now, the bias is down overall with a possible sideways slant as long as the support down around 4220.00 continues to hold.
Mack’s Daily Chart with the Envelope Bands/Strategy.
You should study the manual and read it over and over, as there is too much to take in with a single read. Then, as you study, watch the video lessons. You can use this link to find the lessons categorized by topic for easier access.
Comments
hafiz March 10, 2022 at
Hi Mack,
its hafiz here, a new subscriber.
just got your price action trading manual downloaded.
any suggestions will be much apprecitated.
hafiz
Mack March 11, 2022 at
You should study the manual and read it over and over, as there is too much to take in with a single read. Then, as you study, watch the video lessons. You can use this link to find the lessons categorized by topic for easier access.