Stay bullish ESH5: BofA Merrill Lynch

Quotes from BofA Merrill Lynch:

- The ESH5 break of the Dec-29 high keeps the focus higher for new all-time highs. Upside targets are seen to 2136, before greater signs of topping emerge. Pullbacks should be limited to 2062.50 (Jan-09/22 high). 

- Below here points to a renewed range trading. Bears need a break of the Dec-16 low at 1961.50 (1972.56 in CASH) to indicate a change in the medium- and, potentially, long-term trend.