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Michael Ashbaugh

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Oct. 22, 2019, 11:58 a.m. EDT

Bull ‘trend’ intact, S&P 500 inches toward record territory

Focus: October currency cross currents persist, South Korea presses 200-day average, FXY, UUP, FXE, EWY, NVDA, WSM, KEYS

By Michael Ashbaugh, MarketWatch

Technically speaking, the U.S. benchmarks’ bigger-picture backdrop remains bullish, and continues to strengthen, amid constructive October price action.

On a headline basis, the S&P 500 has sustained its break to a higher plateau, rising within striking distance of record territory just ahead of the best six months seasonally — November through April.

Link to MarketWatch's Slice.