We are getting some follow through buying so far this morning. The question is can we sustain the buying today or will prices back off and trend lower before the day is over. Wednesday looks like a possible capitulation day to the downside, but we need to see some continued follow through buying to confirm that possibility.

Be aware that there is a lower gap on the chart as well. If prices were to turn down, that target is down at 6822.75. For now, the trend and bias are up. Stay with the uptrend as long as it remains in play.

This will be my last workday for the 2025 year. I will be taking the remainder of the year off for Christmas and New Years. I hope everyone has a safe, happy and blessed holiday season. I should be back to work on Monday 1-5-2026. Merry Christmas!

Mack’s 2000 Tick ES Chart for 12-19-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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