Prices are trending lower and have taken back most of the rally from Thursday. Note that there is a large overhead gap on the chart. Prices may attempt to fill that gap at some point, so we could see mixed trading or even a reversal at some point. No matter how the day plays out in the end, for now, the trend and bias are both down, so stay with that downtrend until the chart shows you otherwise.

Monday is rollover as well, so be sure to watch the March 26 chart going forward.

Mack’s 2000 Tick ES Chart for 12-12-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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