Prices are continuing lower again this morning, and that has left another overhead gap on the chart. While the trend and bias are down for now, prices may attempt to fill that gap at some point, so keep that in mind. Prices are very oversold at the moment, so a correction could come at any time. That does not mean prices cannot continue pushing lower, just know that at some point, prices may correct, and often times bear market corrections are very volatile and very strong.

Follow the price action and just be careful getting short into the very lows. Scrutinize your entries and your setups and take only the ones that clearly fit our entry criteria. Understand that while a correction is due soon, prices can and often do stay oversold for much longer than you would expect.

Mack’s 2000 Tick ES Chart for 03-20-2026.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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