Prices are trending lower this morning and currently in a downtrend. Stay with the downtrend as long as it remains in play, but do not get lulled to sleep. Things could change at any moment if prices find a bottom. For now, the trend and bias are down though, so stay with that until the chart shows us otherwise.

Mack’s 2000 Tick ES Chart for 08-05-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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