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Michael Ashbaugh

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July 14, 2020, 12:05 p.m. EDT

Charting a bull-trend whipsaw, S&P 500 nails next resistance

Focus: Gold miners sustain technical breakout, GDX, APD, FSLR, ACAD, MXL

By Michael Ashbaugh, MarketWatch

Technically speaking, the U.S. benchmarks have registered a mid-July market whipsaw, pressured at least briefly amid the month’s first real selling pressure.

Against this backdrop, the S&P 500 has tagged next resistance (3,233) — and pulled in to its range — while the Nasdaq Composite has reversed more aggressively from its latest record high.

Link to MarketWatch's Slice.