Mack’s Mid-Morning ES Chart for 03-14-2025

Prices rallied overnight and into the early morning, right up until the consumer sentiment reports came out at 9 AM CST, when they suddenly turned lower and more mixed. The rally left a large overhead gap on the chart, so prices may attempt to turn lower and fill that gap. If so, that target is down at 5537.50.

For now, I would call the bias slightly down to mixed. With all of the bearish sentiment at the moment, I would be surprised if prices do not at least attempt to fill the gap and test the lows. If prices are able to fill that gap, anything is possible after that. I would expect mixed trading today and for prices to close higher based on the charts, but there is no guarantee that will happen, so just follow the price action wherever it takes you.