Here is an hourly chart of day session e-mini trading. The reaction low was established last night at the 1035.75 level (not shown on this chart). This morning the market has moved sharply higher and has moved above resistance shown by the purple dotted line. This looks like a breakout from the trading area established last Thursday and Friday between 1036 and 1049. At this juncture the 1049 level should act as support.
I have drawn a new trend channel based on Friday's day session low and the low of September 2. During the next few days the top of the channel will move up to the next significant midpoint resistance level at 1091 (horizontal red dash line). This is the midpoint between the May 2008 high at 1442 and the November 2008 low at 739. So I think the next stop for this market will be this resistance level.
Looking further ahead I still think the e-minis will have traded at 1120 by the end of October.