Daily analysis and reaction locations [2026.06.18]E-mini S&P 500 FuturesCME_MINI:ES1!pavlusrockulusYesterday's session completed the sub-structure pullback, reaching the value-based reaction zone. Short-term, this opens the door for a push higher as long as the sub-structure low continues to hold. Pre-market has already reacted off the sub-structure value and pushed toward the new algorithmic target, which I expect to be the next point where the market attempts to push back into demand. If the demand value holds today, the short-term direction is toward the new sub-structure high, with the swing value acting as the primary target beyond that — and the key level to initiate mid-term downside moves from. The current uptrend volume is showing a concentration at the top with almost equal volume sitting at the sub-structure demand, which makes the next directional move less clear. With that in mind, I'll be treating the sub-structure low to high as my working price range for potential trades today. Trade Idea: I'll be looking for a downside move from the algorithmic target, with the previous day low as my primary target. Risk reference is the internal high. Shared for educational purposes only — not financial advice.