Daily Analysis and Reaction Locations [2026-09-16]E-mini S&P 500 FuturesCME_MINI:ES1!pavlusrockulusRollover's complete, next contract active — fresh analysis from here. Bias: short, as long as the sub high holds — shifts to long once it breaks. Sitting out the NY session today given the interest rate decision; pre-market focus only. Zone Colors: • Gray marks reaction zones (conditional trades, targets) • Red marks trade locations Key Levels: • Swing High: Confirmed Trend Shift • Sub High: Early Trend Invalidation • Swing Low: Trend Continuation Trade Idea Short inside the identified trade location around the sub high supply zone, targeting the swing low, with the sub high as risk reference. The idea is invalidated if either the swing low or the sub high breaks. Price is close to the market pullback zone — a possible early sign the swing structure is shifting. I'm waiting for the directional-shift confirmation once price approaches the market pullback zone rather than treating a swing low break in isolation as a clean continuation signal, given how close the two levels already are. Three potential price zones sit inside the pullback zone, visible on zoom out. Grab the chart or zoom out on the preview to see all zones. The reasoning, if you want it. Swing structure broke with a same-day pullback, and the current swing low got violated but not yet broken. The volume profile anchored to the last confirmed swing high has its POC distributing right toward that violated level — that combination is what's creating the early signal that direction might be shifting from down to up. It's exactly why price approaching the market pullback target while that signal is already building changes how I'd read a swing low break here: confirmation of continuation, technically, but not something to chase in isolation this close to a level with its own reversal potential. 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.