Mack’s Mid-Morning ES Chart 07-30-2025

The volume is really low this morning but may pick up now that there is some movement. This is an FOMC rate announcement day, so make sure you are aware of that fact. My recommendation is to be flat an hour prior to that news event. They are not expecting any rate changes, so that makes it even riskier to be in the market when that news drops. Should we get any kind of surprise, this market could go ballistic in either direction. With no changes, it will probably be lackluster, but you never want to risk that, so follow the rules and be flat by Noon CST.

Prices are attempting to rally as I am typing this up, but do not get long at the highs without multiple tests of the resistance now acting as support first, or unless you get a confirmed trendline working higher. For now, I will call this a range day, but that could change at any moment.