Mack’s Mid-Morning ES Chart 02-26-2026

So much for the rally yesterday, as prices have already taken it all back plus some and the day is hardly started. There is an overhead gap on the chart, but whether or not prices can fill that gap today is difficult to say. It would take another strong rally to do so but just be aware that the target to fill that gap is way up at 6975.50. Close to a 100-point move will be needed to fill that gap today, so it seems unlikely, but crazier things have happened in the ES, so never rule it out.

For now, the trend and bias are down, so stay with that until prices find support or show us something different.