Mack’s Mid-Morning ES Chart 04-16-2025

Prices are mixed and sideways again this morning. There is a gap down on the chart as well, so prices may attempt to fill the overhead gap before the day is over. Should prices attempt to fill that gap, that target is up around the overnight highs at 5425.50.

As I am typing, prices are trending lower, but they are finding support around the overnight lows of 5345.00. If that support does not hold, prices could continue to trend lower. If the support holds, prices will likely attempt to test the highs of the range and also fill the gap.

The volume and volatility continue to slow, so that might be a good sign that the emotions that were driving this market are now in check, or at least relaxed a bit, and hopefully things will get back to normal regardless of which way prices are headed.