Daily analysis and reaction locations [2026.06.17]E-mini S&P 500 FuturesCME_MINI:ES1!pavlusrockulusThe internal low was violated with yesterday's market close, while pre-market is currently pushing higher. This leaves the structural break as a possible liquidation level, and the focus for today shifts to how price reacts at the internal value or the internal supply. A push below the liquidation level would confirm the pullback is initiated, with the sub-structure value becoming the next target from there. Volume analysis remains unchanged from yesterday's session. Today is FOMC, and with the Fed conference on the calendar I'll be looking to be flat before, letting the market react to the new Fed Chair before drawing any further conclusions. Open the chart for the full picture, or zoom out on the preview to see all zones. Trade Idea 1: I'll be looking for down-side positions from the internal supply or the internal value zone, with the internal high acting as the risk reference. Primary targets are the liquidation level and the algorithmic reaction zone. The goal is to be in and out cleanly before the FOMC conference. Trade Idea 2: If price reaches the swing supply, I'll consider a swing trade entry with the swing high serving as the risk reference. The primary target is the swing low, with the value-based reaction zones along the way acting as trailing references to manage the position as it develops over the next few sessions. Shared for educational purposes only — not financial advice.