Prices are down to mixed and have been range bound most of this trading session. Prices continue to find resistance at the midline on the daily chart, making it difficult to sustain any type of rally. Prices are currently testing the overnight lows, and if that gives way, we could see prices retest the lows on the daily chart again. While I would still call this a range for now, prices could push lower and there is a bit of a downward bias that could pick up steam if the overnight lows give way.

Follow the price action and be careful trying to pick any bottoms or tops unless you are trading ranges using range rules.

Mack’s 2000 Tick ES Chart for 03-05-2026.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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