Here is another look at today's e-mini wave chart. The market has moved visibly above my estimate of today's high which was the 800 level. The market has retraced more than half its drop from the high at 830.50 last week. The current up wave is the biggest of the day. Volume has shown a definite tendency to increase on the rally over the past 90 minutes.
I think the picture is now a bullish one. I now estimate a 25 point daytime range for today with a high near the 811 level (blue rectangle). Support should be near the 794 level (purple dotted line).
The upside target for the next week or so is 875.