While prices are trading higher this morning, they are mostly sideways. Expect mixed trading, but prices could still trend in either direction. For now, I will call the bias mixed to slightly up, but that could change, and it could change multiple times if this is to be a range day in the end. Just follow the price action, stay focused and do not force or manufacture entries.
Mack’s 2000 Tick ES Chart for 05-16-2025
Mack’s Daily Chart with the Envelope Bands/Strategy.