Mack’s Mid-Morning ES Chart 05-07-2026

While prices ran to another new high during the overnight session, they did turn down and trade lower off of those highs and are now mostly mixed and sideways. This has the look and feel of a range day, and the gap that was left on the move up during the overnight session has already been filled. I would expect mixed prices for now, and the bias is definitely mixed at the moment.

Things could change at any moment though, so follow the price action and go with it wherever it takes you. Respect the overnight highs and lows for now, but if prices push on through and start trending in either direction, go with it.