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Michael Ashbaugh

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Nov. 26, 2018, 11:46 a.m. EST

Charting a bull-bear technical test: S&P 500 nails the breakdown point (2,673)

Focus: Industrials digest late-year breakdown, XLI, CDW, IPHI, BERY, VTR

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly higher early Monday, rising after solid early holiday retail sales data, and ahead of the widely-anticipated G20 summit beginning later this week.

Against this backdrop, the S&P 500 is retesting its breakdown point from underneath — the 2017 close of 2,673 — thus far topping early Monday (2,671.6) within two points.

Link to MarketWatch's Slice.