Daily analysis and reaction locations [2026.06.04]E-mini S&P 500 FuturesCME_MINI:ES1!pavlusrockulusPrice broke below the sub-structure low and has since reached the value based reaction zone. A minor structural shift is now developing at this level, providing early confirmation that the zone may be holding and that the broader swing structure could continue from here. Looking at the current structure, the minor shift off the value-based reaction zone is the first sign of demand engaging at this level. There are still reaction zones below current price, so the swing structure low remains the critical reference point — as long as price holds above it, the upside continuation stays intact. For upside targets, I'm watching the algorithmic reaction zone, the trend volume POC anchored from the swing structure low, the supply zone, and the upper value-based reaction zone. Trade Idea 1 — Swing: I'm looking at a swing trade entry from the value-based reaction zone, under the assumption that the next swing low is forming here. My primary target is the supply zone above. The swing structure low serves as the logical stop placement and invalidation level for this idea. Trade Idea 2 — Short-Term: I'm also looking for an entry from the value-based reaction zone, targeting the algorithmic reaction zone above. Initial stop placement will be below the closest reaction zone. Shared for educational purposes only — not financial advice.