Prices have been mixed and sideways since early in the overnight trading session. At the moment, prices are trending higher off of a spike and channel upwards. The pink range is just a possibility at this point in time, and it may not remain in play, so it is just something to watch for now. Stay with the uptrend until prices prove that trend is no longer in play. Respect the highs and lows of the possible range until the price action proves those price levels are important as well. Do not get fooled on support and resistance, as we talked about that in yesterday’s YouTube lesson.
For now, the trend and bias are up, so stay with it until we see a reason to switch gears.
Mack’s 2000 Tick ES Chart for 07-11-2025.
Mack’s Daily Chart with the envelope Bands/Strategy.