Mack’s Mid-Morning ES Chart 06-18-2025

A reminder that today is an FOMC rate announcement day, so make sure you are flat before 1 PM CST, and not enter any new trades after 12:00 Noon CST and wait for things to return to normal before attempting to trade again. Do not take this suggestion lightly, as trading during an FOMC announcement could wipe you out and cost you more money than is actually in your account. This news item is one you do not ignore under any circumstance.

For now, the trend and bias are both up, but prices will often go sideways with low volume the last hour of trading before the announcement, so that is why I say you should not enter any new trades an hour prior and then to be flat before the announcement comes out. For now, stay with the uptrend until the chart shows us something different.