Prices have been trending lower most of the overnight and into the regular session opening, but this still looks like it could be a range for now. As we have seen the last few days, we can have range action a good bit of the day, only to see the support or resistance give way at some point, so keep that in mind if this does play out as a range this morning.
For now, the bias is down, but respect and watch the overnight lows to see if prices will hold and if this will indeed be a range day. Treat the overnight highs the same and allow the price action to prove that price levels intentions before getting long at those highs.
Mack’s 2000 Tick ES Chart for 04-17-2025.
Mack’s 2000 Tick ES Chart with the Envelope Bands/Strategy.