The E-mini S&P 500 futures (ES_F) experienced significant volatility this week, particularly around the 5620-25 level, which was tested multiple times. Following a failed breakdown at this level, the market rallied, achieving targets of 5650, 5668, 5681, and 5695, resulting in an approximate 120-point gain from the initial entry point. However, after reaching a high of 5770, the market faced a sharp decline, attributed to fears of a trade war and subsequent bearish sentiment. As of April 3, the market is in a choppy phase, with key support levels identified at 5515 and 5485. The current trading strategy emphasizes profit protection and caution against overtrading, as bears maintain control below the 5565 resistance level. The outlook suggests potential further declines if the market fails to reclaim critical support levels.