See on the daily bar chart for the March e-mini S&P futures that price action this week has seen a very strong recovery from the January low. The bulls presently have momentum on their side, but the big daily price moves are still a bit worrisome. Price action the rest of this week will be extra important. If prices on Friday close out the week near the weekly high, then that would be a significantly bullish clue that prices can continue to move sideways to higher, including challenging and even surpassing the contract high scored in December. Stay tuned—Jim Wyckoff