Mack’s Mid-Morning ES Chart 07-08-2025

My apologies for not letting everyone know I would be out Monday. I am fine and all is good! I actually set up a notification that was supposed to go out Monday Morning letting you know I was taking an additional vacation day, but in my haste to get it set up and get out of the office, I put in today’s date by accident.

We decided at the last minute to take a trip for the July 4th holiday, and we were traveling back on Monday, thus the reason I was not around and there were no charts or lessons. I will be back on a normal schedule today, so things will go out as usual the remainder of the week.

Prices did make a new all-time high on July 3rd, but prices have backed off some since that new high was put in place. Today looks to be a possible range day again, although prices are trending lower as I am typing this report up. There is a gap on the chart that prices are close to filling, so that will be an important price level to watch and see how price react from that point forward. The target to fill the gap is down at 6363.25.

Again, it’s still early to know for sure how the day may play out in the end, but for now, the trend and bias are down, although this might still be a range type day overall or at least remain range bound for a while as prices consolidate the recent new contract highs. Prices are overbought according to the Envelope bands, so a correction is not out of the question. Respect the overnight highs and lows as long as they are still in play and use those price levels to help determine if prices are going to go sideways or start trending further in one direction or the other.