Mack’s Mid-Morning ES Chart 10-09-2025

After pushing to another all-time high again early in the overnight session, prices are now backing off and are trending lower. Watch for prices to make a measured move based on the width of the overnight range. If and when prices make that move, how they react from there will tell the tale if we are going lower today or working sideways to higher again.

We will probably see a bounce at the measured move level even if prices continue to trend lower, so watch that price level (6781.00) closely. For now, the trend and bias are down, but that could be changing as I am typing up this report.