Mack’s Mid-Morning ES Chart 04-08-2025

The market was rallying most of this morning. As usual, after a cleansing of the weak hands, the market snaps back. Now it may only be temporary, but this is what happens, even in strong bear markets. Traders get emotional and worried because of fear and greed, and they make irrational decisions. Even with the two strong rally days now, the market is still severely oversold, so more upward action would not be out of the question. We could see the selling return to though, so do not get too relaxed. Just stay focused on the charts and follow the price action.

For now, prices appear to be trending lower again. There is a large gap on the chart, so prices may attempt to trade down and fill that gap. That target would be way down at 5118.00. Things could get crazy again at any moment, so just do not get caught up in the frenzy. Stay relaxed and trust the price action to keep you on the right side of things. I would expect more mixed trading at times, and if prices can find support again, we could see another move higher at some point. Just understand that this is not a normal market. There are many outside influences and a lot of uncertainties, so things can continue move strongly in either direction.