Mack’s Mid-Morning ES Chart 10-29-2025

Prices opened higher this morning leaving a gap on the chart. So far, prices have mostly only moved sideways with mixed price action. Prices may attempt to fill the gap before trying to go higher, so for now, that has left prices rangebound. Should prices move lower, the target to fill the gap is down at 6927.50.

Today is also an FOMC rate announcement day, so be prepared for that and be flat by Noon CST. The market is expecting another rate cut today, but we will have to see what happens. This news event is one you always have to be prepared for in advance, so make sure you are flat and wait until things settle down again before trying to trade after that news is announced.

For now, the trend and bias are mixed and range like.