A push still higher into the end of the week to reinforce the strong Thursday rally through 3434, a key monthly peak from September 2008, which has re-energized the bull theme for the month.
Short-term Outlook - Upside Risks:
- Through mid-February we see a more positive tone with the bullish threat to a key monthly chart levels from 2008 at 3474.
- February risk is higher to the 61.8% retrace of the entire 2007-09 bear market at 3520!!
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Monthly EuroSTOXX 50 Future Chart