Prices are mostly sideways and mixed as I am typing, but there is a bearish overtone to the market this morning overall, so do not lose sight of that fact. We could see prices rally some from here, as there is a large overhead gap on the chart. Should prices start trending higher in an attempt to fill the gap, that target is up at 6474.00.
Prices could turn lower again as well, but no matter how the day plays out, we will likely have some mixed trading as the day progresses, so stay focused on the price action and follow it where it takes you without question. The market is never wrong!
Mack’s 2000 Tick ES Chart for 09-02-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.