Price Action Trading

Mack’s Mid-Morning ES Price Action Chart 01-07-2025

Mid-Morning Report Image

Prices were mixed to slightly up prior to the Job and PMI reports that came out at 9:00 AM CST. Prices turned lower on that news and are attempting new lows for the day as I am typing this up. For now, the trend and bias are both down. Stay with that until the market shows us otherwise.

ES 03 25 2000 Tick 2025 01 07 9 31 35 AM 1024x547
Mack’s 2000 Tick ES Chart for 01-07-2025.
ES 03 25 Daily 2025 01 07 9 31 48 AM 1024x547
Mack’s Daily Chart with the Envelope Bands/Strategy.

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