The E-mini S&P 500 futures (ES_F) market has shown bearish tendencies during the recent trading sessions. On February 25, the market opened with a bearish sentiment, closing with a balanced but lower high/lower low pattern. The day saw the S&P 500 index (SPX) and E-mini futures (ES) testing key support levels, with the VIX index noted at daily resistance levels. Market analysts indicated that the ES futures skipped past monthly support levels, moving directly to quarterly support, reflecting a strong short gamma play in the morning session. As of February 26, the ES futures broke the 6000 mark, with significant trading activity noted around the 6017 level during the hourly time envelopes. The expected daily range for ES was set at 6024, which was reached during trading. Analysts observed a bounce off previous month’s value area and noted the market's responsiveness to the January value area low.