As discussed yesterday, the primary degree support was critical. Breach of the support immediately sent the market through blank space to the next viable support which was intermediate degree (cyan) and around the 1983 area. Overnight markets are bouncing, apparently, based on more central-bank hyperbole. Short-term market structure projection suggests highs potentially around 5 AM to 5:30 AM. If ES Futures continue to make highs into the cash session, it suggests that something else could be happening, than the highest probability scenario as described below. It is key that markets remain below the thin zone above  on the levels chart shown below. Above this level could send the markets to retest the thin zone above 2009 or exceed the recent highs. Remaining below this area , which would normally be the highest probability, should send the market through yesterday's thin zone and down to the next thin zone at intermediate and primary degree support as shown at  - which is in the 1970s.
Several systems closed out shorts yesterday, while others are still holding short positions after booking some profits and would likely look to close positions in or below the 1970s. Market structure projection implies weakness is favored throughout this week, so it would be significant if strength showed up early. However, daily and weekly market structure projection aims to be an estimation of direction and timing plus or minus a few days so there is wriggle room.