Moving Avg. Con/Div indicates a bullish trend.
50 day moving average is up.
200 day moving average is up.
Up/Down volume pattern indicates accumulation.
Relative strength index is bullish.
Wilder's RSI (89)
50 day R.S. (1.3)
STO (slow %K) 87
STO (fast %K) 76
Money Flow (90- )
Up/Down vol. ratio (1.1)
There is no reason why the gap back to $4 can't fill, although personally I'll be buying any retracement to $4.33 with both hands. Given the above technicals, along with the bullish sentiment on the street and the recent options action, I'd say we have at least a 60% chance of $6.20 by the end of January. 60% is a very tradable number!
it was 3.69 this week too. I maintain that 3.80 will again be the area of interest, first it was resistance, now it will be support. Not in a straight line but eventually. I wouldn't even attempt to trade this range until it's been going for at least a month. Back to ES to make the daily bread