Price Action Trading

Mack’s Mid-Morning ES Chart 05-06-2025

Mid-Morning Report Image

Prices trended lower during the overnight session, but appear to have found some support for now, even if only momentary support. Prices are trending upward as I am typing this up, although this day could still go a lot of different ways. There is an overhead gap on the chart up around 5671.25, and one higher from the previous day at 5710.50, so both of those highs could be targets should prices continue trending higher. For now, the trend and bias are mildly up, but this could end up as a range day, or even a day where prices trend higher or lower, so follow the price action and let it show you where it intends to go.

Overall, I think prices are trying to make a measured move up based on the daily chart, so look to that price level as an eventual target should prices continue moving higher.

ES 06 25 2000 Tick 2025 05 06 9 22 14 AM 1024x547
Mack’s 2000 Tick ES Chart for 05-06-2025.
2025 05 06 9 15 55 AM 1024x547
Mack’s Daily Chart with the Envelope Bands/Strategy.

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