While prices are higher, they appear to be in a range for now. We will have to wait and see if prices can push through the overnight highs or if they will turn lower again. While this could end up as a tight range, we could see prices trend in either direction before the day is over. The market continues to look bullish, but we are also well into overbought territory, so a correction will probably come soon. Timing that is always suspect, so just follow the price action and let it show you when it has turned and do not try and pick tops.

A measured move up would give us a target up around 6893.00, but there is also a lower gap on the chart, so if prices attempt to fill that gap, that target is down at 6860.75. Expect mixed trading and a possible range, but be flexible and trade what you see, not what you think. For now, the bias is mildly up to mixed.

Mack’s 2000 Tick ES Chart for 04-10-2026.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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