Prices opened up trending lower and trending down into the regular session opening this morning, but they also left a large overhead gap on the chart. Since finding a bottom around 9:00 AM CST, prices have been moving higher. Prices may attempt to try and fill the overhead gap, so keep an eye on that possibility. That target would be up at 5582.75 should prices continue trending upward.
For now, prices are slightly up to mixed and may even attempt to turn lower again. Be careful when things are sideways and switch to range rules when necessary. Otherwise, trade the trends and stay with the trend. Always let the chart dictate how and when you will enter. Do this through patience and discipline and following the rules.
Mack’s 2000 Tick ES Chart for 04-30-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.