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Michael Ashbaugh

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Sept. 24, 2019, 11:59 a.m. EDT

Charting a delayed breakout attempt, S&P 500 hesitates near record territory

Focus: Financials and Regional banks reach key technical tests, XLF, KRE, TXN, APA, PFPT, HUYA

By Michael Ashbaugh, MarketWatch

Technically speaking, the major U.S. benchmarks’ bigger-picture backdrop remains bullish.

Though each index topped last week slightly under record territory — for a second time, in as many weeks — the September selling pressure remains muted, thus far, preserving a late-year breakout attempt.

Link to MarketWatch's Slice.