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Michael Ashbaugh

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July 9, 2020, 11:51 a.m. EDT

Charting a bull-bear stalemate, S&P 500 stalls at gap resistance (again)

Focus: Gold miners ETF extends technical breakout, GDX, AMGN, ZEN, DHI, TMHC

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly lower early Thursday, pressured as a July rally attempt seems to have stalled.

Against this backdrop, the S&P 500 has extended a pullback from gap resistance (3,182). Thursday’s early session high (3,180) marks the latest failed test, and the downturn’s aggressiveness, or lack thereof, is worth tracking.

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