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Michael Ashbaugh

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Nov. 14, 2017, 12:09 p.m. EST

Charting a bull-trend downdraft, S&P 500 nails first support (again)

Focus: South Korea’s breakout, Consumer discretionary sector tags record highs, EWY, XLY, WUBA, MSI, HES

By Michael Ashbaugh, MarketWatch

Technically speaking, the U.S. benchmarks’ prevailing bull trend has thus far absorbed a respectable mid-November downdraft.

Still, the S&P 500 has once again nailed near-term support early Tuesday — S&P 2,566 — and the downturn’s aggressiveness is worth tracking for potential follow-through.

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