Mack’s Mid-Morning ES Chart 05-09-2025

It’s been a really ugly morning thus far. Mostly mixed with low volume, so not much happening until just now as prices finally are making a nice trend down. How prices react here at the lows will tell the tale for the day most likely. If the support holds, then this may just end up as a range day. If the support gives way, we could see more downward movement. I would expect the break lower to fail, even if only temporarily, but we need to see if the lows will hold to know more.

For now, I’m calling this a mixed trading day, but that could change if the range support does not hold. I hope everyone has a great weekend and I will see you on Monday.