We stated in our last report to clients on Friday that "having negated the bearish topping threat, the bias is now for a more bullish extension theme above 2088.75" and the push through here produced a new record high.
Hesitant activity during the holiday shortened session Monday, however, leaves risk for a corrective setback into midweek, though we see a more bullish theme into latter February.
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Daily S&P 500 E-mini Future Chart