Mack’s Mid-Morning ES Chart 07-02-2025

Prices are trending higher as I am typing this up, but this does appear to be another possible range day overall. The long-term resistance around 6269.00 continues to hold prices back, so that price level is going to determine the longer-term direction of prices most likely. Prices will need to work through that price level and then we will likely need to see that level act as support before prices may go higher. Nothing is ever written in stone, but I would not get long into those highs without seeing some support first or a very strong trend with a lot of momentum that just blasts on through.

For the moment, the trend and bias are up, but if this is to be another range day, that bias may flip back and forth as prices move around within the range. Respect the overnight highs until they prove they are no longer holding.