The trend and bias are down this morning. It appears that the break above 6500 could not hold, so prices are heading lower as I am typing this up. That could change as the day progresses, but for now, the trend and bias are down.

There is an overhead gap on the chart, so if prices attempt to fill that gap, that target would be up at 6516.25.

Also, just a reminder that Monday is a holiday, so we get a long weekend. I will see everyone on Tuesday. Enjoy your extra day!

Mack’s 2000 Tick ES Chart for 08-29-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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