Prices are trending lower so far this morning but may be finding support as I am typing this up. There is currently a close outside of the main trendline and a new low in place, although it is not a super convincing close outside. It could be enough to end the trend all the same, so watch the price action closely and let it show you what it plans to do. For now, the trend and bias are both down, just understand that prices could be in a transition phase now.
Mack’s 2000 Tick ES Chart for 12-08-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.