Mack’s Mid-Morning ES Chart 03-27-2025
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Prices started trending lower during the overnight session and pushed even lower below the overnight lows just after the 8:30 AM CST regular session opening. That push lower failed and reversed and prices have been rallying higher since around 8:45 AM CST. What looked to be another down day is now pushing higher.
The key will be if the overnight highs hold or if prices can continue to rally higher from that price point. Respect those overnight highs until the price action proves that price point around 5772.00 is no longer holding prices back. This could end up as a range day, but if prices can push through the overnight highs successfully, we might see a continued push to retest the highs on the daily chart, and that price target would be around 5838.00.
For now, the trend and bias are up, but that could change quickly if this is to be a range or if the resistance at the overnight highs hold.
Comments
RobertB March 27, 2025 at
The market closed the gap from a few days ago.