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May 26, 2020, 12:08 p.m. EDT

Charting a bull-flag breakout, S&P 500 ventures atop 200-day average

Focus: Nasdaq 100 Index approaches record territory, QQQ, TWLO, LRCX, MRVL, TTWO

By Michael Ashbaugh, MarketWatch

Technically speaking, the major U.S. benchmarks continue to trend higher, rising amid constructive, but still jagged, post-crash price action.

Against this backdrop, the S&P 500 has rallied to a potentially consequential test of its 200-day moving average, currently 3,000. As always, the 200-day is a widely-tracked longer-term trending indicator, and a sustained breakout would raise the flag to a primary trend shift.

Link to MarketWatch's Slice.