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The equities index futures market got a boost this morning from Goldman Strategist Abby Joseph Cohen, who upped her allocation in equities from 65% to 70%.

S&Ps are up 6.80 points at 1263.80, which is 30 cts above our key number of 1263.50. We need to stay above this level to keep the upside going to a run to at least 1270. On the way we have 1265.50 and 1270, then 1272.50 and 1276, which will be critical.

On the way down, we have support at 1260, 1259.50, 1255, 1253, a key area at 1249.50 and a major area at 1247.50. There is a cluster of support at 1245.50 to 1247.

Rollover is in full swing. Expect a choppy trade.

NASDAQ futures are trading up 39.50 at 2025. On the downside, we have support at 1985 to 1975, which was yesterday’s low. If we get below this, they should look to fill that gap at 1912.

On the upside, we have resistance at 2025 to 2035; we’re trading at the edge of that right now. Above that we have 2060 to 2075.