So far things are mixed this morning with a downward bias. Prices just broke lower below the overnight lows as I am typing this up, so we will have to wait and see if that breakout will permanently fail and prices go higher again or at least back into the range again, or if they will continue lower for the day. Give the price action an opportunity to clarify its intentions, then go with it. For now, the bias is somewhat down, but that could change, so stay flexible and do not get fooled.

Mack’s 2000 Tick ES Chart for 09-09-2025.
Mack’s Daily Chare with the Envelope Bands/Strategy.

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