The rally from yesterday continued into the overnight session and into the regular session opening this morning. Every new high today will be another new all-time high for the ES, so keep that in mind. At these prices, we have no former resistance levels or known targets, so it is new territory for us and a bit more difficult to determine where prices are headed. All we can do is wait for our chance to enter and then go with it. Follow the rules and trade wisely and you should be fine.

For now, the trend and bias are up, so stay with the trend as long as it remains in play. Just be careful getting long right into the highs of the day.

Mack’s 2000 Tick ES Chart for 05-01-2026.
Mack’s Daily Chart with the Envelope Bands/Strategy.

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