Mack’s Mid-Morning ES Chart for 03-19-2025

Prices started out in a quiet and low volume range but eventually broke higher and move a perfect measured move based on the width of the original range. As of now, prices are in a tight range near the highs of the measured move. I would call the bias mildly up, but that could be changing if the highs of the measured move can hold. Expect mixed prices at times, no matter how this day goes in the end.

There is an overhead gap on the chart again this morning. Should prices attempt to fill that gap, that target would be down at 5669.75. Note that this is an FOMC day today, so be flat by 12 Noon, CST.