Mack’s Mid-Morning ES Chart 01-20-2026

Prices are mostly sideways and mixed this morning after a gap down on the MLK holiday trading. It is very possible that prices will attempt to fill that gap and if so, that target is up at 6977.75. For now, there appears to be strong resistance around the 6900.00 price level, so prices will need to work through that level before they can push higher again.

For now, I would call prices mixed and sideways, but if they can get through the resistance right around 6900.00, it would not be unusual if prices continued to try and work higher in an attempt to fill the gap on the chart.

Prices are actually breaking above 6900.00 just as I am finishing this up, but do not assume that breakout will stick. We could see a failure or two before prices are successful, so just trade wisely and make sure the price action is going higher before trying to get long into that 6900.00 price level.