The market continues to rally higher this morning. I would say prices just reached our next target, which was a retest of the range support around 5916.00 on the daily chart. If prices continue higher, the next target would be up at the range high around 6219.00 on the daily chart. The trend and bias are both up and up strongly this morning, so stay with that until the chart shows us otherwise.
Mack’s 2000 Tick ES Chart for 05-13-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.