On the weekly chart, we have a cross over of the price and the 18 bar moving average, indicating a potential new trend.
There is a sharp up turn in the 4 week moving average. It is on a 45 degree or better angle making it a spear point.
If the 4 week MA crosses the 9 week MA, and the price opens on the point of the spear (right on the 4week ma), this will also be very bullish.
If it opens above the 4 bar ma, the price often drops to fill the gap first, gets stuck by the spear point and then jumps up. (Same as you would if you got a spear jammed in ur butt)

I view the price as a ball that bounces between support and resistance. When you have a spear point, jammed into the butt of the bouncy ball, it often moves in the direction of the spear point with a good amount of strength.

And yes, I really do get 498.70 to teach people about the spear in the butt of the bouncy ball theory of trading futures..