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Michael Ashbaugh

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June 19, 2019, 11:57 a.m. EDT

Charting bullish follow-through, S&P 500 breaks from range ahead of the Fed

Focus: 10-year yield nails downside inflection point, TNX, HD, LULU, OMCL, SBGI

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Wednesday, treading water ahead of the Federal Reserve’s policy statement due out this afternoon.

Against this backdrop, the S&P 500 is digesting a bull-flag breakout, a rally placing it within striking distance of record highs.

Link to MarketWatch's Slice.