Prices continue to push higher and further outside of the oversold bands on the daily chart. That indicates to me that prices are still attempting a measured move higher, so the 5825.00 – 5830.00 price region is still a viable target. That does not mean we will make it or even overshoot that price, but that is the general target for now.
The trend and bias are both up, so stay with the uptrend until the chart shows us otherwise.
Mack’s Mid-Morning ES Chart for 05-02-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.