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Michael Ashbaugh

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July 2, 2019, 11:54 a.m. EDT

Charting a bullish Q3 start, S&P 500 approaches the 3,000 mark

Focus: Charting the sector leaders, Crude oil nails major resistance, Silver’s bullish trend shift, QQQ, XLF, IYT, USO, SLV

By Michael Ashbaugh, MarketWatch

Technically speaking, the U.S. benchmarks are starting the third quarter against a comfortably bullish, if still slightly uneven, bigger-picture backdrop.

On a headline basis, the S&P 500 has tagged all-time highs — reaching uncharted territory — a rally that opens the path to a projected near-term target slightly under the 3,000 mark.

Link to MarketWatch's Slice.