Mack’s Mid-Morning ES Chart 03-10-2025

Prices continue to trend lower this morning. There are no major news items today, so nothing to create any sudden surprises. That does not mean that the market will not still surprise us today, but there simply will not be any news items that will suddenly create a big spike or reversal.

For now, the trend and bias are down, and the downtrend channel is still firmly in place, so stay with that downtrend until prices show us otherwise. Note that I adjusted my daily chart’s downtrend channel, as it appears now that there is no break of that channel. I might have been off slightly, and it looked as if maybe there was a break a few days back, but now I am questioning if I had it right and adjusted it slightly now that we have more price action. We will continue to watch that channel, but it looks valid the way I have it drawn this morning.

Stay with the downtrend today until that market shows us otherwise.