Mack’s Mid-Morning ES Chart 04-11-2025

Prices appear to be range bound so far this morning. If you look, you will notice that prices appear to be pivoting off both sides of yesterday’s closing price. Watch that price level, as that may tell the tale. For now, I would call the bias mixed, although the overall mood of this market still seems to be down, so I would say there is still an overall bearish tone for the moment. It does appear that the daily chart is setting up a bottom, but that chart moves slowly, so we could still see more selling before it is all over.