The direction of the June E-mini S&P 500 Index into the close on Thursday is likely to be determined by trader reaction to 4179.75.
A sustained move under 4179.75 will indicate the presence of sellers. If this creates enough downside momentum then look for the selling to possibly extend into the main bottom at 4056.00.
Taking out 4056.00 should lead to a quick test of the May 12, 2021 main bottom at 4020.50. This is a potential trigger point for an acceleration to the downside.
A sustained move over 4179.75 will signal the presence of buyers. If this generates enough upside momentum then look for a late session surge into the resistance cluster at 4282.50 – 4303.50.