Mack’s Mid-Morning ES Chart 03-24-2025

Prices are rallying strongly so far today. This is a good example of a trend continuation after a break and small correction. Many times, a trend will start off too strong, and you will get a break of the trend line that just forms a flatter healthier trend, because the original trend was too steep, and that is exactly what we have so far this morning. A good healthy and sustainable trend will usually be at a 45-degree angle. Any steeper, and it is probably not sustainable. Any flatter, and it is probably not a very strong trend.

For now, the trend and bias are both up. There is a large overhead gap on the chart and prices are pushing right into the 21 EMA on the daily chart at the current prices. This is a likely spot for a pullback or some sideways action at a minimum. If prices attempt to turn lower and fill that gap before the day is over, that target is down at 5720.00. Stay with the trend until the price action shows us otherwise.