Prices rallied again during the overnight, but turned down just at the regular session opening and are trending lower at the moment. There is a large overhead gap on the chart, and prices may attempt to fill that gap. If so, that target is down at 5269.00. If prices turn higher before reaching that chart, watch for a possible measured leg up. Prices are still trading inside the overnight highs and lows, so this could end up as a range day in the end. For now, prices have a slight downward bias.

Mack’s 2000 Tick ES Chart for 04-04-2024.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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