Prices are continuing to push higher to what I think is intent to retest the former range highs on the daily chart. Should prices go higher from there, then they are in all-time new territory, so we will just have to see where the next target might land.

Note that prices are very overbought, so a correction is overdue. Prices should, at the very least, work sideways at a minimum, if and when they reach the target of the range highs on the daily chart. A correction of some type is more likely, but things suddenly appear to be very bullish again, so some sideways action to consolidate and digest all of the buying would not be out of the question.

For now, the trend and bias remain up but expect some mixed trading at times no matter how high this thing goes. Again, a correction is overdue, so do not lose sight of that fact, as things could quickly change at any point in time.

Mack’s 2000 Tick ES Chart for 04-15-2026.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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