Prices are trending lower again today, but I do now see a break of the trendline, so with a new low in place we could see a bounce at a minimum, or even a reversal. We will have to see how things play out, but no matter how things play out, the trend and bias are both down at the moment.

Mack’s Mid-Morning ES Chart for 08-20-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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