Prices are rallying again this morning. The negative fog that was over the market seems to have lifted some as of late, bringing buyers back looking for deals. There is no gap up this morning either, although prices did not fill the gap from yesterday. The rule of three normally holds for gaps. Usually, gaps are filled within 3 mins or 3 hours, 3 days, 3 weeks and so on. We will see if that rule holds true for this gap.
For now, the trend and bias are up, so stay with that until the price action shows us otherwise.
Mack’s 2000 Tick ES Chart for 04-24-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.