Mack’s Mid-Morning ES Chart 07-09-2025

Prices rallied strongly through the overnight session and into the 8:30 AM CST regular session opening but have now turned down. The strong overnight rally left a gap on the chart, and that target would be down at 6271.75 should prices attempt to fill that gap. The turn down has accelerated slightly as I am typing this up, so prices do appear to be working lower in an attempt to fill the gap.

No matter how this day plays out, I would expect some mixed trading at times. For the moment, the bias appears to have gone from up to down, so stay with the downtrend until the chart shows us otherwise. I would call the bias down for now, but that could change just as fast as it changed from up to down, so stay nimble and be alert to prices turning at any point.