Mack’s Mid-Morning ES Chart for 05-18-2026

Prices traded down early in the overnight session but found support right off of the green colored channel’s trend line and then turned higher. Since putting in a new high for the morning, prices have been mostly sideways since that point in time. This has been a really strange market as of late, so do not make the mistake of thinking you know where prices are going, because they can and will fool you.

At the moment, prices are mixed to down, but that does not mean prices cannot and will not trend in either direction at any moment. This market remains overbought, but it is very bullish as well when you would not necessarily expect it to be so bullish, so do not argue with it and do not be surprised at a strong move in either direction.