Mack’s Mid-Morning ES Chart 05-14-2026

Prices are rallying again this morning. What started out as a choppy but mild uptrend has turned up again, pushing to new highs over last 30 minutes of trading. The market is once again making new all-time highs, and it remains overbought while doing so. We have talked about the wedge that has formed between the two channels on the daily chart and one of them will have to give today, as there is no more room to continue within the upper area of that wedge.

While prices are overdue for a correction, you cannot argue with them, so go with the price action and what they market gives you. Never trade what you think, trade what you see on the chart. For the moment, the trend and bias are both up, so stay with it until something changes.