Here is a 60 minute bar chart of day session e-mini trading. The market proved to be stronger today than I initially expected. Even so, its rally from the early morning low was quite subdued and showed little volatility. Since we are approaching the top of the current trend channel (green dash lines) as well as midpoint resistance at 1054 (horizontal red dash line) I think the market is telling us that a break of 30-40 points will probably begin from a short term top later this week.
Any such break should hold midpoint support near 1011 (purple dotted line) as well as the lower boundary of the current trend channel. I still think we will see the market reach 1050 or a little higher before this break starts.