Prices trended lower during the overnight session but seem to have found at least temporary support for now. We will have to see if the support continues to hold and if so, this may be another range type day. I would expect mixed trading at times no matter how the day plays out. For now, I would call this a range day, but there is still a mild downward bias, although that could be changing as I am typing this up.

Mack’s 2000 Tick ES Chart for 06-05-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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