Mack’s Mid-Morning ES Chart 04-23-2026

Prices are trending higher again this morning, but there is some strong resistance just below the target I placed for a measured move up. This market seems to want to go higher, even in the face of all that is going on with the middle east and with the high oil prices, so do not argue with it. Trade carefully but follow the price action, even if it feels counter intuitive, as rallies can go much further and much faster than you think. Never argue with the chart!

For now, the trend and bias are up but expect some mixed trading no matter how the day plays out. We are still overdue for a correction, but that does not mean one will come today. More consolidation is very possible, so that would mean more mixed trading, which can sometimes be difficult to trade, so do not be afraid to sit idle and do nothing if that is what the chart tells you to do, or if you are unsure of what prices are actually doing at the time.