Mack’s Mid-Morning ES Chart 10-24-2025

Prices are rallying to new highs again this morning on the CPI news. It appears inflation is slowing more than expected, which will give more leverage for the Federal Reserve to lower interest rates further. All good signs for the market to push higher yet still.

For now, the trend and bias are up, although we are getting a break of the larger trend line just prior to my typing up this report. We could see sideways action or a continuation of a newer and flatter trend, but there is also a very large gap on the chart that prices may attempt to fill. That gap target would be down at 6777.75. Stay with the uptrend as long as it remains in play, but be careful getting long into all-time highs, as you do not want to get trapped at the highs.

Some sideways action is likely no matter how the day plays out in the end, so expect some possible mixed trading at times as well.