Price Action Trading

Mack’s Mid-Morning ES Chart 08-17-2026

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Prices are slowly chopping lower this morning. The ES remains overbought, so some additional consolidation or even a correction is not out of the question. That also does not mean this market cannot go higher still either though. Stay focused and disciplined and go with what the chart shows and gives you. For now, I will call the bias down to mixed, but that could change at any point, so stay flexible and follow the price action.

ES 09 26 2000 Tick 2026 08 17 9 28 55 AM 1024x547
Mack’s 2000 Tick ES Chart for 08-17-2026.
2026 08 17 9 29 10 AM 1024x560
Mack’s Daily Chart with the Envelope Bands/Strategy.

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