Daily analysis and reaction locations [2026.07.08]E-mini S&P 500 FuturesCME_MINI:ES1!pavlusrockulusWith FOMC minutes scheduled today, the objective is to be done 30 minutes before the event or skip the session entirely. The previous session provided a few new reference points to work with. As long as the pullback finish reference holds, today's bias is short only. The volume profile is currently supporting this bias, adding further weight to the directional view. Once the pullback continuation reference breaks, the liquidation potential gains more weight and may hold. From the current view, I'll be monitoring the value-based reaction zone for entries before the pullback continues lower. If price breaks the pullback continuation reference without first taking the liquidation potential, it weakens the internal low and I won't give the demand zone enough weight to hold. Open the chart or zoom out on the preview to see all zones. Trade Idea: I'll be looking for a short from the pullback target, with risk placed above the internal high. Target is the internal low demand zone. For confirmation, I want to see the pullback finish reference hold — if price pushes through it without a meaningful reaction, the idea is invalidated. 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.