Mack’s Mid-Morning ES Chart 04-16-2026

It appears that the range highs on the daily chart are going to hold for now. Prices may take another run at it before the day is over, but as of now, prices appear to be correcting and trending lower. The market is severely overbought, so a correction is needed, even if prices are eventually going to new highs. For now, the trend and bias are down, but stay flexible and expect mixed trading at times.