Mack’s Mid-Morning ES Chart 12-01-2025

Prices are mostly mixed this morning. There was a mild upward bias that begin just after the regular session opening, but that appears to have turned and started trending lower as I am typing up this report. If prices continue lower, watch for a possible measured move down on a second leg. That would create a target down around 6782.00 should prices continue to trend lower.

For now, things are mostly sideways to down, so stay with that until the chart shows us otherwise, as we are still looking for a new all-time contract high on a retest of the long-term highs from the daily chart. Just stay flexible and follow the price action and avoid getting fooled or trapped at obvious locations such as highs and lows of important support/resistance levels.