Price Action Trading

Mack’s Mid-Morning ES Chart 07-16-2026

Mid-Morning Report Image
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Prices opened lower this morning leaving another overhead gap on the chart. Prices appear to be attempting to trend higher and fill that gap as I am typing this up. That target is up at 7616.00. I would call this another range day at the moment, but that could change as the day progresses. Do not let the recent string of range days lull you to sleep. Today could be another repeat, but at some point, prices will break out and trend, so just do not lose sight of that happening at any time.

ES 09 26 2000 Tick 2026 07 16 9 25 13 AM 1024x547
Mack’s 2000 Tick ES Chart for 07-16-2026.
2026 07 16 9 19 48 AM 1024x560
Mack’s Daily Chart with the Envelope Bands/Strategy.

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