Daily analysis and reaction locations [2026.07.09]E-mini Nasdaq-100 FuturesCME_MINI:NQ1!pavlusrockulusThe previous session broke the sub-structure low, providing further confirmation for the downside direction. Price is now approaching the algorithmic reaction zone, which could become a continuation point lower — I'll be monitoring this zone for confirmation before using it as a trade location. The preferred entry location remains the value-based reaction zone. The volume profile for the current downtrend is showing a slightly higher concentration lower, which is currently in mild conflict with the structural analysis. A distribution higher would be preferable, and this will likely develop once price reaches the pullback target. Worth noting — the internal high is sitting inside the value-based reaction zone, which makes a liquidation of that level possible before continuation lower. For that reason I'll be waiting for confirmation there before entering, rather than committing on the first touch. For targets, the previous day low and the swing low are the key reference points. My existing swing position is still running, and I'll be looking to add to it from this session's setup. Open the chart or zoom out on the preview to see all zones. Trade Idea: I'll be looking to add to my existing swing position around the algorithmic reaction zone and the value-based reaction zone, with confirmation required given the internal high sitting inside that zone. Risk reference is the internal high. Targets are the previous day low and the swing low. 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.