Mack’s Mid-Morning ES Chart 09-24-2025

Prices appear to be consolidating after the recent rally to new highs. This is normal and actually healthy for a continuing rally. If prices push up too high too quickly, they will often collapse with epic selling, so you prefer a sure and steady move that can sustain itself. That will usually include consolidation and small corrections along the way.

As of now, this looks like consolidation, which shows strength. If the market cannot correct by trading downward, that indicates that buyers are still active, so we shall see how this plays out over the next few days. That does not mean prices cannot or will not correct, so no matter how this thing plays out, always follow the price action.