Prices were mixed to slightly up prior to the Job and PMI reports that came out at 9:00 AM CST. Prices turned lower on that news and are attempting new lows for the day as I am typing this up. For now, the trend and bias are both down. Stay with that until the market shows us otherwise.

Mack’s 2000 Tick ES Chart for 01-07-2025.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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