Mack’s Mid-Morning ES Chart 12-04-2025

It looks like more of the same so far this morning. Prices sold off just after the regular session opening in an attempt to fill the lower gap on the chart. However, prices continued to trend even further down this morning until they found support around the 6844.00 price level. As of now, the trend and bias have turned up with a bit of momentum as well, so prices may finally break higher.

Note that there is still resistance off of the long term upward trendline on the daily chart, so that trendline continues to hold the rally down a bit. I still believe prices will eventually make a new all-time contract high, so the longer term chart is pointing to more upward movement in the big picture. Nothing is ever written in stone though, and we never know exactly how prices will get to our targets, so follow the price action and let it lead you in your trade decisions.