Mack’s Mid-Morning ES Chart 11-20-2025

Prices have rallied strongly again this morning, but like yesterday, there is a large gap on the chart, so prices could pull back in an attempt to fill that gap. If prices do start trending lower, that target is down at 6696.00. As of now, the trend and bias are up, although there is a break of the trendline and prices are close to making a new high. Once that new high is in place, a correction is very possible, although prices could just go sideways for a bit, or even work into a new upward channel. Just be aware that the current trend up could be playing out.

I am still expecting a new high on the daily chart soon, as that is the most likely scenario based on how price movements tend to occur. Anything is possible, but the odds are good that prices will make a new all-time contract high before any larger correction might occur. For now, the trend and bias are up, just be aware that things can and might change as the day progresses.