Daily Analysis and Reaction Locations [2026-08-11]E-mini S&P 500 FuturesCME_MINI:ES1!pavlusrockulusPrice entered its range, giving me a few reference points to work with. ES is still in price discovery, so the main direction is up. For price discovery to finish, the sub low needs to break — that would initiate the pullback toward the previous swing value. There are a few price levels I'm interested in. The local high and local low are just for monitoring the noise. The local reference gives me a confirmation lower. And the main trade locations are the supply zone and the untouched value. For today, I'm watching those trade locations. For the supply short, the confirmation needs to be clean — session volume distribution and a directional short-term shift. For the untouched value long continuation, I'm using the first touch principle. Grab the chart or zoom out on the preview to see all zones. Trade Idea 1 — Short. From the supply zone. Invalidation is the current ATH. Final target is the local low. Trade Idea 2 — Long. From the untouched value, on first touch. Invalidation is the sub low. Main target is the supply area, with a remainder toward the ATH. Shared for educational and analytical purposes only — not financial advice or a trade recommendation. Entries, stops, and targets are shown for study, not signals to copy.