Mack’s Mid-Morning ES Chart 03-21-2025

Prices trended lower most of the overnight and into the regular session opening where they have been mostly sideways since then. There is a mild upward bias to the sideways action, but nothing yet that would lead me to believe prices are going to rally back today. That does not mean prices cannot or will not rally before the day is over, I just do not see any serious evidence in the chart regarding that yet.

There is a large gap lower on the daily chart, so if prices were to try and fill that gap before the day is over, that target it up at 5716.50. The daily chart is hinting of a retest of the lows, so that could mean more downward action is coming. For now, the bias is mixed, although there is a bearish mood over this market.