Mack’s Mid-Morning ES Chart 08-07-2025

Prices opened almost 40 points higher at the 8:30 AM CST opening this morning, leaving a large gap on the chart that prices have just about filled as I am typing up this morning’s report. We had a nice rally after filling a similar gap yesterday, so maybe we will see the same again today?

For now, the trend and bias are both down, but this could still be a range day or even a rally day. The likely target to the downside for now is to fill the gap, and that target price is at 6370.75. Prices could continue lower from there, but that would be a likely place for prices to find some support, even if only temporarily.

Stay with the downtrend until the price action shows us otherwise and expect mixed trading at times no matter how the day plays out overall.