Prices are working in a range at the moment, but there is a mild upward bias as well, so keep that in mind. That bias could swing back and forth if this remains a range day, but we could see prices break out and trade higher or lower before the day is over, so follow the price action and stay focused on where it is headed and what they are trying to accomplish.

There is a lower gap that needs to be filled, and if prices turn lower, that target to fill the gap is down at 6396.50. For now, the prices are mixed to mildly up.

Mack’s 2000 Tick ES Chart for 08-12-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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