Prices are trending lower and strongly so this morning. It now appears prices are headed down to retest the previous lows on the daily chart. There is a large overhead gap on today’s chart. It does not appear that prices would fill that today, but you never know. Prices could always find a low and start rallying, so just keep that price target in mind if that should happen. That target to fill the gap would be up at 5741.25.
For now, the trend and bias are down and down strongly. Stay with that down trend until the price action shows us otherwise.
Mack’s 2000 Tick ES Chart for 03-28-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.