Bulletin
Investor Alert
Michael Ashbaugh

The Technical Indicator Archives Subscribe

Feb. 2, 2021, 12:08 p.m. EST

Charting a bullish February start: S&P 500 spikes from major support

Focus: Biotechs challenge all-time highs, Regional banks sustain decisive breakout, XBI, KRE, TDOC, EXP, TOL

By Michael Ashbaugh, MarketWatch

Technically speaking, the U.S. benchmarks are off to a strong February start, rising in the wake of the most aggressive market downturn in about three months.

Against this backdrop, each big three benchmark has extended a reversal from major support, rallies preserving a bullish intermediate-term technical bias.

Partner Center

Link to MarketWatch's Slice.