Michael Ashbaugh

The Technical Indicator Archives Subscribe

July 17, 2020, 12:01 p.m. EDT

Charting a bullish holding pattern, S&P 500 traverses higher plateau

Focus: VIX presses 200-day average, Home construction ETF tags four-month highs, Emerging markets sustain July breakout, ITB, EEM, ZS, PGR, LVGO

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Friday, largely treading water amid receding volatility.

Against this backdrop, the S&P 500 has asserted a higher plateau — capped by next resistance (3,233) — while the Dow Jones Industrial Average digests a decisive early-week break atop its 200-day moving average.

Link to MarketWatch's Slice.