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Michael Ashbaugh

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Sept. 10, 2019, 12:00 p.m. EDT

Charting a bullish technical tilt, S&P 500 sustains September breakout

Focus: Crude oil signals bullish trend shift, Financials and transports extend recovery attempt, USO, XLF, IYT, FDX, KSU, MOBL

By Michael Ashbaugh, MarketWatch

Technically speaking, the big three U.S. benchmarks continue to digest potentially consequential September breakouts.

On a headline basis, each index has knifed from its jagged August range — by a margin initially exceeding 1% — and the subsequent selling pressure has been flat, preserving a bullish intermediate-term bias.

Link to MarketWatch's Slice.