Mack’s Mid-Morning ES Chart 03-03-2026

I was concerned that the daily chart was hinting at a further sell off, and it looks like that sell off is coming sooner than I even anticipated. The fighting in the middle east is expanding it seems, so this is obviously having a very negative effect on the markets right now.

The good news might be that this could bring some great long-term buying options. It is usually a much better opportunity to buy when the markets are down than when they are making all time new highs. The key is just not buying too much, too soon, although it is next to impossible to pick the absolute lows. Just try and find some deals and take small bites as the market drops. Build a position as the market drops is the idea.

For now, I would call the bias down and down strongly. There is a large two-tiered channel in play, with many different trends and price action going on inside of the larger channel. Prices are well over-sold, so we could see a bounce at some point. While those can often be great buying opportunities, be careful trying to pick bottoms, as that is what usually leads most traders to losses when day trading.