Mack’s Mid-Morning ES Chart 08-21-2025

Today could end up as a range day, or we could even see more selling. Regardless of how the day plays out, for now, the trend and bias are up mildly. I see a spike and channel up that started after a failed break below the overnight lows. Stay with the uptrend until the price action shows us otherwise, just respect the overnight highs until prices prove they are no longer in play or holding prices back.

If you look to the midline on the daily chart, you can see that prices are struggling to close below that price level, so we could see the long-term rally re-establish itself at any time if that line in the sand continues to hold. For now, the trend and bias are up.