Mack’s Mid-Morning ES Chart 04-17-2026

The rally continues and prices are now into all-time new high territory. Prices might be working on a second measured leg up this morning, and if so, that target is up around the 7190.00 area. This has been a crazy rally, and just when you think it can’t go any higher, it shoots up yet again. Do not try picking tops with this thing. At some point it is going to correct but calling that correction could prove futile and cost you dearly. Stay with the trend until the chart tells us otherwise.

Note the gap on the chart as well, so if prices turn down, that would be a likely target to the downside. That target is down at 7078.25 should prices head in that direction today.

For now, the trend and bias are up, although a correction is well overdue at this point. Just follow the price action and stay with the trend as long as it remains in play. Expect some mixed trading today no matter how things play out.