Prices started off rallying today, but there was a large gap up on the opening at 5 PM on Sunday evening, leaving a large overhead gap on the chart. Prices may attempt to fill that gap today, and if so, that means we could see some downward action and likely mixed price action today as well.

This looks to be a range type day so far, but there is a mild upward bias at the moment. Things could change by the end of the day and if prices attempt to fill the gap, that target is down at 5395.75. As of now, I would call this a range with a mild upward bias, but that gap below could be troublesome for any large rally. That does not mean we cannot see a rally but just be aware of the gap at all times.

Mack’s 2000 Tick ES Chart for 04-14-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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Comments

Zacary April 14, 2025 at

Cheers Mack, have a great week.

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