Prices continued the sell off early on, but found support just after the regular session opening, which also corresponded to a bounce right off of the 21 EMA on the daily chart, so a likely place to see a bounce at a minimum. Note that there is a gap on the chart as well, and the target to fill that gap is up at 6697.00. If the day continues with this rally, I would suspect that this correction is almost over and we will likely go on to make new contract highs in the coming days.

We could see another leg down if the rally does not fill the gap at a minimum, so keep that in mind as well. All of that is speculation based on what the chart is hinting at, so as I always tell you, just follow the price action and let the price action show you where it plans to go.

Mack’s 2000 Tick ES Chart for 09-25-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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