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Michael Ashbaugh

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Oct. 15, 2019, 11:56 a.m. EDT

Charting a bullish technical tilt, Nasdaq ventures atop major resistance (8,060)

Focus: China clears trendline resistance, Transports challenge the breakdown point, FXI, IYT, JBL, SWKS, BZH

By Michael Ashbaugh, MarketWatch

Technically speaking, the major U.S. benchmarks have weathered an October market whipsaw, rising amid potentially consequential mid-month price action.

Against this backdrop, the S&P 500 has sustained its break to a higher plateau — atop the 2,940 area — while the Nasdaq Composite has belatedly cleared its corresponding resistance (8,060), venturing higher early Tuesday.

Link to MarketWatch's Slice.