On March 31, the E-mini S&P 500 futures (ES_F) market experienced a notable shift, erasing gains made earlier in the week. After a strong session on Monday, the market closed back within its prior balance area, raising concerns about the sustainability of the breakout. Observers noted that the trading was significantly below Friday's settlement price, with a narrow avoidance of breaching the monthly low by just one point. Despite the bearish sentiment, there were indications of a bullish close later in the day, suggesting a potential return to value. Traders are now closely monitoring key support levels and the dynamics of the market as they prepare for upcoming trading sessions.