Here is a one point, five box reversal point and figure chart of 24 hour trading in the e-minis. I like point and figure charts because they eliminate a lot of the "noise" found on bar charts.
Today I have been the yo-yo at the end of the market's string. Initially I thought yesterday's close would act as support for a breakout move today, but when the market traded 6 points below that close I gave up on that idea. But now it looks like the bullish forces have reasserted themselves. This morning's low point emphasized the pattern of higher lows seen since Friday's 1041 low. The rally from today's low has decisively taken out (the market just hit 1074) the declining trendline from the 1048 top.
Another bullish factor is that the sideways action we have seen across the 1060 level, accompanied by higher lows, is the longest period of sideways action since the 1148 top, and in fact is more extensive than the sideways action at that top. This suggests base building prior to a strong up move.
I think the ES is trading in 35 point boxes and that this morning's low at 1058 is the low of the second box in the uptrend. This means that the market is headed for 1094 before another reaction of 10-20 points develops.