Update

Here is an hourly chart of day session e-mini trading. The market has moved substantially higher today from the pit open. The rally which started from yesterday's low at 1021 has been 35 points with only a few 3 or 4 point reactions. Volume has not been substantial, but the uncorrected up swing is in my opinion definitive. This is a decisive rejection of prices below the low at 1035 (horizontal green dotted line). The implication is that a strong up swing has begun and that the market is headed for 1120. Meantime the 1035 level will now act as support.

I think that a reaction of 8-12 points is likely to develop from today's high (so far) at 1056.75. But I don't think we'll see a break of as much as 20 points until the e-minis reach the top of the bullish trend channel I have drawn. The 1092 level is midpoint resistance and is a good point from which to expect a drop of 20-25 points.