Mack’s Mid-Morning ES Chart 10-07-2025

Prices rallied to new contract highs during the overnight session, leaving a small gap on the chart. Prices are currently trending downward and have already filled that gap, so we will need to see how prices react from here. If they turn higher again now, we could see more upward trending price action today. No matter how the day plays out, expect some mixed trading at times.

There is certainly more room for prices to go higher with both the Envelope Bands and the upper trend channel line, so it would be no surprise if prices continue to trend higher before the day is over, but for the moment, the bias is down. Just follow the price action and be wise about where and when you enter, particularly when entering long near the highs of the day, which are also new contract highs as well.

For now, the bias is down, but that could change a few times before the day is over if this is going to be a range day. Stick with the downtrend until the chart shows us otherwise. Just be prepared for mixed trading and do not get chopped up trying to guess price direction.