Mack’s Mid-Morning ES Chart for 05-29-2025

Prices rallied strongly during the overnight session making a new high on the daily chart. Once that retest with a new high was in place, it has now been all downhill. Prices are basically back to where they were at the close yesterday. It does look like the downtrend could be finding a bottom, but that is not certain just yet. Expect mix trading at times no matter how the day goes, but for now, I would still call the bias down. Just be aware that we may find support around the 5900.00 – 5910.00 price level.