After pushing to all time highs yesterday and again today, the market is now reaching overbought territory again, and some consolidation or another correction is not out of the question. Prices are mixed as I am typing this up, but there is still a mildly bullish slant to the chart, although that could be changing or could change at any point.

There is a gap up on the chart, so if prices attempt to fill that gap at some point today, that means prices will have to trend lower to fill it. That target would be down at 6468.50, so what for prices to maybe attempt to fill that gap at some point.

For now, the bias is mixed to mildly up, but maybe changing and turning down, even if only temporarily. Follow the price action and let it show you where it plans to go.

Mack’s 2000 Tick ES Chart for 08-13-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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