At the moment, prices are trending lower, and the selling has returned, although not nearly the same volatility we were seeing. That does not mean things cannot and will not pick up to the downside again, but as of now, this looks more reasonable with slightly less volatility this morning. I also see a break and a new low in place, so prices could find a bottom and turn higher again.

There is a large overhead gap on the chart, and if prices do turn up and attempt to fill that gap, that target is up at 5513.50. For now, the bias is still down, but it looks as if that could be changing, so we could see some mixed trading as prices attempt to find their direction from here. As of now, we could see prices move in either direction, so just be patient and disciplined and follow the price action.

Mack’s 2000 Tick ES Chart for 04-10-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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