So far, it looks like a mixed trading range with a possible range in play. The bias is slightly down to mixed as I am typing up this report, but as we all know, that could change as the day progresses, so stay focused and follow the price action.

Prices appear to be attempting to fill the gap that was left at the 8:30 AM CST opening. That target is down at 6324.50, and prices are very close to filling the gap. Prices might bounce from that price level, but let the price action prove that out before trying to get long.

Mack’s 2000 Tick ES Chart for 08-06-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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