So far this morning, prices are rallying and trending higher. There is a lower gap on the chart this morning, so prices could attempt to turn lower and fill that gap at some point. That gap target would be down at 6837.50.

There is also still a large overhead gap from the holiday lower open. Should prices attempt to fill that overhead gap during the next trading day or two, that target is up at 6977.75. For now, the trend and bias are both up, so stay with the rally until the chart and prices show us otherwise.

Mack’s 2000 Tick ES Chart for 01-21-2026.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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