Here is an hourly bar chart of day session e-mini trading. The market has rallied from its low today about the same amount as the previous rally on the way down from its temporary high at 1071.50 (purple rectangles). This action, especially coming after the break of the steep, red dash trend line is telling us that the odds now favor a drop below the 1050 level today and eventually a move to 1035. The market should find good support near 1035 at the conjunction of an previous top (horizontal red dash line) and the lower green trend channel line.
However, it is important to remember that the underlying trend is upward. So if we should see strength above the 1062 level I will start looking for a move to the upper trend channel line which stands roughly at 1080 at the moment.