Mack’s Mid-Morning ES Chart 09-05-2025

After making another new contract high, prices have turned lower and are in a rather steep sell off. Prices have already pushed further than a measured move on the second leg down, so we could see prices find some support, even if only momentarily. As of now, the trend and bias are both down strongly, but this could still end up as a range day. Stay with the down trend as long as it remains in play, just be careful getting short into the lows, as you do not want to get trapped short at the lows of the day.