Prices are trending lower at the moment. If you look to the daily chart, you will see that prices are getting into oversold territory again. That does not mean prices cannot or will not go lower, but at some point, they will bounce or rally a bit to relieve that oversold pressure, so be aware of that and trade wisely. For now, the trend and bias are both down, just be aware that could change at some point.

Mack’s 2000 Tick ES Chart for 02-17-2026.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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