Mack’s Mid-Morning ES Chart 11-04-2025

Prices sold off strongly during the overnight, pushing down to the mid-line on the Envelope of the daily chart, where they rebounded and are now trending higher. This looks to be a possible reversal, and that would be an obvious reversal location, but there are no guarantees on that just yet.

Let this day play out and we can see how things end today and maybe have a better gauge of where prices are going next. For now, I would call the trend and bias up, but that could change as the day progresses. Expect mixed trading at times no matter how the day plays out.