Mack’s Mid-Morning ES Chart 02-21-2025

We did indeed get follow through selling today after turning lower off the highs of the range on the daily chart. For now, and if the sideways action continues on that chart, we could see some more selling over the coming days. Prices are testing the 21 EMA on the Envelope bands, so that will be an important test to see if it holds or not.

I see a spike and channel down after some mixed trading during the overnight session. The down channel is still in play as I am typing this up, so stay with it until the price action shows us otherwise. For now, the trend and bias are down.