Mack’s Mid-Morning ES Chart 05-12-2025

Prices are mixed to slightly down as I am typing up this morning’s report. There is a large gap on the chart this morning, and prices may attempt to fill that gap. If so, that target it down at 5684.00, so keep that price point in mind should prices continue trending downward.

Prices did meet and succeed our measured move target to the upside, so a correction is possible at this point. That does not mean prices cannot and will not go higher though, so just follow the price action and go wherever it takes you. At this point, prices are very overbought, so a correction is coming at some point, just do not try and pick tops or guess at things. Let the chart and price action prove it out first.