Mack’s Mid-Morning ES Chart 05-12-2026

Prices have turned lower this morning and are currently trending lower, even though prices are still mixed at times. A measured move down gives us a target near 7375.00, so watch that price area closely in case prices find a bottom there.

For now, the trend and bias are down, so stay with it until the chart shows us otherwise. I would expect mixed trading at times as well, so follow the chart, and ignore what your common sense tells you. Prices have been overbought for a while, so a correction is well overdue. Just do not rule out prices moving higher again before the day is over.