Prices have been range bound this morning for the most part. They did break out higher momentarily, but that breakout quickly failed, and prices are now headed to the lower side of the range it appears. If this is to be a range day, the bias may flip back and forth as prices move from the highs to the lows of the range and back again. Expect mixed trading at times no matter how the day plays out in the end.

While this may end up a range day, do not get locked in on the range. Watch for the clues that hint at a breakout on either side of the range, as prices could start trending at any time. Always follow the price action and never get so locked into what you are seeing that you can’t see what is really going on with the price action and the chart.

Mack’s 2000 Tick ES Chart for 07-24-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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