Prices traded lower during the overnight session but are trending higher as I am posting this report. This could end up as a range day with mixed trading, but for now, the trend and bias are both up, so stay with that until the chart shows us otherwise.

There is no gap on today’s chart, and the first target to the upside would be a measured move, followed by a retest of the overnight highs, and both are in the same price area, so that would be my target until something changes.

Mack’s 2000 Tick ES Chart for 05-04-2026.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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