ES volume remained high yesterday at 2.4m contracts. The open saw a brief push higher which failed and the session had a heavy controlled feel to it, with larger players getting involved this week it appears. The prior range wasn't broken and the VPOC shifted towards the low at the end of the session a tick below settlement.

Overnight has seen a bounce with the range 2039.75-63.00 currently. We are still trading in the middle of the range and the updated zones are below with potential reactions. If support fails on a test of the 2038.25-40.00 zone, we could a more aggressive press lower to test the 2022.75 swing low from March 11th and low volume zone at 2019.25-20.75.