Mack’s Mid-Morning ES Chart 03-12-2025

It appeared as if prices were finally going to rally a bit this morning, only to turn lower again after the CPI news came out at 7:30 AM CST. That news sent prices higher momentarily, but they quickly reversed and took it all back and then some. Right now, prices appear to be consolidating and trying to find a bottom. This looks like a range day at this point in time, but as we know, that could change before the day is over.

At the moment, prices are mixed, but mildly down. That could change at some point though, so follow the price action and be careful not to get whipsawed if prices continue to chop sideways.