Here is a 60 minute bar chart of day session e-mini trading. I think the drop from the 1038 level is over. Today's low rests on the lower channel line, is just below midpoint support, and the drop from 1038 has been only slightly bigger than the August reaction (purple rectangles).
The market has absorbed yesterday's supply shock remarkably well. I think a move to 1054 will get underway next week (n.b. the U.S. markets will be closed Monday for the Labor Day holiday).