Prices are mixed to up again this morning. There is a larger overhead gap this morning, and prices may attempt to fill that gap before the day is over. That target would be down at 6780.75. With the Thanksgiving holiday starting tomorrow, it will be interesting to see how the market reacts knowing there will be an extended weekend without trading. I am still looking for prices to retest the highs, meaning prices should trade higher than 6954.00 at some point if the retest is successful. That’s about 140 points higher than were prices are currently trading at a minimum.
Expect mixed trading today but stay with the uptrend as long as it remains in play. If prices turn lower, look for possible target to fill the gap down at 6780.75.
I hope everyone has a safe and happy Thanksgiving holiday. I will see you on Monday, December 1st, 2025 when we get back to the charts again. Good trades!
Mack’s 2000 Tick ES Chart for 11-26-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.