Prices are mixed to mildly down so far this morning. I see an overshoot on the two-tiered down channel, but prices still look to be attempting a retest of the lows. An overshoot will sometimes lead to a reversal without a retest, but not always, so keep that in mind.

For now, the trend and bias are mildly down and mixed, but that could change at any time, so follow the price action and stay focused on what the chart is showing you.

Mack’s 2000 Tick ES Chart for 08-15-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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