Mack’s Mid-Morning ES Chart 04-03-2025

Prices continued lower during the overnight session and are now testing the overnight lows. So far, those lows have held, but we will have to see if prices will turn higher or eventually push lower, so be careful trading around the overnight support level without a good setup.

Looking at the daily chart, we almost have two measured legs to a new low in place, so a reversal and a completion of this downtrend could be coming. Nothing is written in stone, but the price action is setting up to reverse it appears. Timing that can be difficult though, so do not try to pick a bottom. Just know that a bottom could be setting up and wait on confirmation with an uptrend before committing.

For now, prices are mixed with a downward slant. How the day goes will depend on how this overnight support plays out. If the support can hold, we may see the range continue or even a reversal, but if it does not hold, more downward price action could be coming today.