Mack’s Mid-Morning ES Chart for 03-17-2025

Today is roll over day, so go ahead and roll to June if you haven’t already done so. Prices are attempting to rally today but have gone somewhat sideways over the past hour. Prices are still severely oversold, but so far, the markets have failed to gain any traction to the upside.

There is a break and a new high of the upward trend channel, but that does not mean we cannot or will not go higher still. There is an overhead gap on the chart, and prices may attempt to fill that gap at a minimum before going any higher. If prices start trending lower, that gap would be our first target to the downside and that target would be 5861.00.

For now, prices are mostly mixed and sideways with a mild upward bias, but that could be changing. Follow the price action where it takes you and expect more mixed trading no matter how the day works out in the end.