Mack’s Mid-Morning ES Chart 08-14-2025

Prices sold off strongly on unemployment claims and PPI reports prior to the 8:30 AM CST regular session opening, thus leaving a large overhead gap on the chart. Prices quickly reversed and erased the emotional news move, just as usually happens after a large news move. That correction to take back the news dip also filled the overhead gap, so prices could turn lower or chop sideways from here.

I would expect mixed trading a times no matter how the day plays out. The market sentiment has been very bullish overall lately, but prices are still a bit overbought, so consolidation with mixed trading is very possible and the market digests the recent contract highs.

For now, the bias is still mildly up, but prices are still trading within the overnight highs and lows, so it could end up as a range day. Just follow the price action and let it show you what it intends to do.