Still looking Bullish

Nice bull pennant forming on the R1 line.  Upside targets would be yesterday's high at 106.58, and then the gap fill from Monday (blue line) at 107.10.  Volume has completely dropped off now, so I would expect the HFT algos to take over and ramp the market through the early afternoon...see if the bears come out and defend yesterdays high, or if they extend their lunch to 3 martinis (it is Friday after all) and let the algos go for the gap fill.  Hmmm....

-click to enlarge-

Let's see if we get any volume back in the last hour of trading, and which way it's moving.