Bullish view: There are a couple price points of importance in the upcoming week. 1st is the ability to hold the 1922 level on Monday and into Tuesday. More importantly is the gap fill from 2/12. Line in the sand is probably 1886 for a close on the week. As long as these levels hold this thing could have the potential for a push ranging from 1978-2044 (Dec 31 gap fill). January 5th fits the best. This is all I can give ya and it would require another FOMC high.
Bearish view: If bears protect this 1963 high and take out the prices mentioned the bulls have to protect this will probably sell off into the week of March 7th. The declines have been in the 8-9 day range since the November high aside from the FOMC December low bullshit. These were all good for at least 90 downside. Bears could actually get a move that would test the channel off the December 29 and February 1st high line. The speed bump will come around that gap fill February 12th.
The way I see it there are 2 lines of importance to go with the 1963 high. The first would allow for a high Tuesday or Wednesday near the 1972 pivot. This would equate to a test of the ES high made after hours on Thursday. The others are a confluence off the December and January FOMC highs and lows. These point to a low into FOMC around 1760. I have to draw this chart yet and will post it as soon as I do.