Michael Ashbaugh

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Aug. 12, 2020, 12:23 p.m. EDT

Charting a second successful retest, S&P 500 maintains major support (3,328)

Focus: 10-year yield’s bullish reversal, Financials and regional banks break out, TNX, XLF, KRE, FB, CAR

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly higher early Wednesday, rising as rotational summer price action persists.

Against this backdrop, the S&P 500 has maintained major support (3,328), rising from its second successful test over the prior three sessions.

Link to MarketWatch's Slice.