Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Squawk / 12 February 2015 at 14:14 GMT
Technical Analyst / FuturesTechs
United Kingdom
S&P 500 Pre-open Technical Outlook: 2069.75 was yesterday's high in day session trade. After hours we extended higher to 2079.50. It's been choppy since but we should keep an eye on 2069.25 on the open as a hold here would be an early sign that the bulls intend to give the ATH at 2088.75 a test today.

If we DON’T hold 2069 watch 2060-62. If this doesn’t hold we have to wait for next week for an assault on the highs.

Above yesterdays after hours high at 2079.50 there isn’t anything stopping a move to 2088.75. Above here the next targets are 2118 and 2124.

I’m bullish in case you haven’t worked it out!

Here’s the levels we put out to clients in our report earlier:



And here’s a chart:
colinwbarnes colinwbarnes
there is something...called bears


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