Mack’s Mid-Morning ES Chart 03-30-2028

Prices finally rallied some during the overnight session but turned down immediately after the regular session opening around 8:30 AM CST. Maybe prices are only trying to fill the lower gap that was left by the higher open, but it would also not surprise me if prices do not continue lower working towards a measured move of the width of the original range on the daily chart, as that is a very real possibility.

For now, we will assume that filling the gap is the first target, and we can reassess from there, but further downward action is still a real possibility. A measured move down gives us a target all the way down around 6256.00. Prices remain extremely oversold, so when prices do reach their target and reverse, we could see one wild and crazy rally, so be careful getting short into the lows and expect a volatile move higher when it finally comes.

For now, the trend and bias are mixed to down, but that could change at some point, particularly if prices find support after filling the gap.